According to Goal.com, Luca Toni will be leaving Munich and going to AS Roma in January when the transfer window opens up:

Bayern Munich's Luca Toni Set To Join Roma In January
 
According to Enrique Rojas from ESPNDeportes.com, the LA Angels and Fernando Rodney have reached an agreement. The deal is said to be for 2-years and 11 million.


Angels Reach Agreement With Fernando Rodney
 
According to the Italian press, Munich wants to buy Stefan Radu from Lazio Roma:

Bayern Munchen want Romanian international Stefan Radu
 
According to Mike Bresnahan from the LA Times, the Lakers will officially announce the Pau Gasol contract extension today. The new, 3-year extension will have Gasol signed through the 2013/2014 season.

Pau Gasol's Lakers contract extension becomes official Wednesday
 
According to Randy Youngman at the Orange County Register, the Angels are still interested in Atlanta starting pitcher Derek Lowe:

Angels interested in Lowe
 
The MLB Sporting News is reporting that there are still four teams in on the Jason Bay sweepstakes. The four teams are the Mets, Mariners, Giants, and Angels. The Mets are considered to be the favorites to sign Bay:

Four teams still in Jason Bay sweepstakes
 
According to The Sun, Liverpool is the latest team interested in signing Bayern Munich forward Luca Toni:

Liverpool join the race for Bayern Munich’s striker Luca Toni
 
ESPN's Jayson Stark reports that the Angels are in serious talks with free agent reliever Fernando Rodney:


Angels In Serious Discussions With Fernando Rodney
 
A four team deal fell through at the winter meetings that would have let some teams dump salary. The Angels, Cubs, Rays, and Mets were the four teams involved, while Milton Bradley, Pat Burrell, Louis Castillo and Gary Matthews Jr. were the four players involved.

  Four Team Salary Dump Trade Fell Through
 
The LA Angels have lost free agent lefty Darren Oliver to the Texas Rangers.

Darren Oliver Agrees To Deal With Rangers