Issues around finances, travel and the Covid-19 pandemic has led to the quietest trading period for a long while with very little high-profile movements across the continent.
That hasn’t stopped a whole host of speculation though with a variety of clubs and suitors said to be eyeing the talent in the Scottish Premiership, and a few clubs linked with recruiting elsewhere.
Rangers signed Scott Wright on a pre-contract deal, but Steven Gerrard has cautioned against expectations of further recruitment – and insisted that there would be no outgoings from Ibrox.
There hasn’t been any such statement from across the city, where star French striker Odsonne Edouard has continued to be linked with a move away from Celtic.
There may not be sales, they may not welcome the interest, but the managers may be unable to stop admiring glances being made at their top-performing players.
After a quieter than usual start to the year, here’s a look at the 11 Old Firm players who could attract some interest in the final few days of the January transfer window as unlikely as moves may, or may not, turn out to be.
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. GLASGOW, SCOTLAND - JANUARY 02: Rangers' Borna Barisic (left) tackles Celtic's Jeremie Frimpong during a Scottish Premiership match between Rangers and Celtic at Ibrox Stadium, on January 02, 2021, in Glasgow, Scotland (Photo by Craig Williamson / SNS Group)
Rangers' Borna Barisic (left) and Celtic's Jeremie Frimpong have both been the subject of transfer speculation, with the latter set to depart Glasgow. (Photo by Craig Williamson / SNS Group) Photo: Craig Williamson - SNS Group

. Odsonne Edouard
Is there a club he hasn't been linked with over the past six months? AC Milan last month, Real Madrid, Juventus and Arsenal linked last week. This week it's West Ham and Leicester again. Big clubs, but it'll need to be a big bid for Celtic's prized asset. Photo: Craig Foy - SNS Group

1. Odsonne Edouard
Is there a club he hasn't been linked with over the past six months? AC Milan last month, Real Madrid, Juventus and Arsenal linked last week. This week it's West Ham and Leicester again. Big clubs, but it'll need to be a big bid for Celtic's prized asset. Photo: Craig Foy - SNS Group

2. Ryan Kent
Leeds link re-surfaced last week. It was the Yorkshire club who were keen on the winger prior to his permanent move to Rangers. Whether or not they need a winger is one question and the other is will Rangers sell one of Steven Gerrard's most-picked players? Probably not. Photo: Rob Casey - SNS Group

3. Kris Ajer
Courted by Milan in the late summer and has potential to move on to a bigger league than Scotland, but the Italians moved targets to sign Fikayo Tomori recently - will they re-visit a previous target as time runs out on the transfer clock? Photo: Rob Casey - SNS Group

4. Ianis Hagi
The name alone will attract interest but when it's combined with the Romanian's recent performances, it's little wonder he has a growing list of admirers. RB Leipzig were mentioned in the German press but Steven Gerrard has insisted there will be no departures this month, and Rangers are beginning to see the best of Hagi again. Photo: Willie Vass / Scottish Sun - Pool via SNS Group