Transfer news LIVE: Deadline day latest as Arsenal loan Raheem Sterling, Chelsea chase Jadon Sancho but lose Victor Osimhen

What we know so far on deadline day:

Leicester have signed striker Odsonne Edouard on loan from Crystal Palace for the rest of the season.

“I can’t wait to get started,” the 26-year-old said. “I’m really excited to be joining a team like Leicester City and to do what I can to help the team in the Premier League this season.

“There’s a fantastic squad here and I’m confident that the team has what it takes to be successful. I’ll be working hard to make sure I do everything I can to support my team and to show the fans what I can do on the pitch.”

We are still expecting Raheem Sterling’s loan from Chelsea to Arsenal to be completed, and Jadon Sancho’s move from Manchester United to Chelsea should also be confirmed tonight (soon to be this morning in the UK). They are the two big ones we are waiting on.

Then there is Armando Broja, who looks set to join Everton on loan from Chelsea, and Reiss Nelson, heading to Fulham from Arsenal, again on loan. Maxwel Cornet’s loan move from West Ham to Southampton should also be confirmed overnight. Trevor Chalobah from Chelsea to Crystal Palace on loan is thought to be another.

That’s six of the nine…

Brentford have accepted a £40m offer from Al-Ahli for Ivan Toney.

England forward Toney has attracted interest from Premier League clubs, including Chelsea, but is now set for a medical ahead of completing a move to the Saudi Pro League outfit.

The 28-year-old has one year left on his Brentford deal and has yet to feature in a Bees matchday squad this season ahead of a potential move away from West London.

Raheem Sterling is set to join Arsenal from Chelsea on loan after the final details were agreed between the two London clubs.

The Independent understands that Arsenal will not have to pay a loan fee for the winger, and will pay less than 50 per cent of his staggeringly high wages. It seems like a pretty good deal for all parties, though whether Sterling will get significant game time, up against Gabriel Martinelli and Leandro Trossard for a place on the left wing, remains to be seen.

The Uruguay international, whose fee could rise by a further £8.5m if add-ons are triggered, has signed a five-year contract at Old Trafford after passing a medical.

He joined as Scott McTominay ended his 22-year association with United by moving to Napoli for £25.7m, with the FA Cup winners also having a 10 percent sell-on clause.

Sky Sports reports that Chelsea “have submitted [the] deal sheet in their bid to sign Jadon Sancho, meaning they have until 1am to complete a deal for the Manchester United forward”.

That is another deal that looks like it should be going ahead.

The Independent’s Miguel Delaney reports that the relevant documents were sent in time, so the “deadline shouldn’t be a problem”.

Sterling looks set to join Arsenal as long as everything goes ahead as planned.

Deals are still being announced in the top flight, with James Ward-Prowse having just joined Forest on loan.

Meanwhile, Forest have also completed the signing of Benfica defender Morato for £15m.

In addition, Aguerd has joined Real Sociedad from West Ham.

Fabrizio Romano was correct about that move to Fulham for Ernest Nuamah – that is off, with the winger staying at Lyon.

Giovani Lo Celso has left Spurs for Real Betis, while Fulham have submitted a last-minute deal sheet for Reiss Nelson, who ended up rejecting Ipswich.

Thought the window is technically shut, clubs get an additional hours to complete deals if they have submitted a ‘deal sheet’.

A deal sheet is a document that confirms that an agreement has been reached before the 11pm deadline, but at the same time requires additional time to be sealed.

According to Sky, “deal sheets must be fully completed and submitted after 9pm but before the 11pm deadline”.

“However, international transfers must be completed by 12am – the deadline set by FIFA”.