9:00 p.m.: Two deals have been completed that we have followed since the start of our live blog.
Zamora has sealed his move to QPR, leaving Fulham in a £4.5 million ($7.1 million) deal. The England international striker signed a contract which runs until 2016.
Jelavic has also finalized his move to Everton. The 26-year-old penned a contract that will keep him at Goodison park until 2016.
Lest we not forget, LFC reserve goalkeeper Martin Hansen signed with Danish club FC Viborg.
That will conclude our live coverage of the deadline day dealings. We will report late deals and have some analysis in the coming days, so keep an eye out on NESN.com.
8:30 p.m.: Tottenham remained busy up until the deadline. The North London club bolstered it's defense, adding Blackburn (and former D.C. United) defender Ryan Nelsen on loan.
The veteran center back has been limited to just one game this season because of a knee injury. Redknapp brought him in on a free transfer to provide cover in the heart of the Spurs defense.
8:20 p.m.: Spurs didn't want to admit it for much of the day, but Steven Pienaar is returning to Everton on loan until the end of the season.
The South African midfielder has only made two league appearances (both as a substitute) for the high-flying Spurs this season.
The 29-year-old midfielder joined Tottenham last year in January, but was unable to secure a regular place in Harry Redknapp's team.
8:10 p.m.: Roman Pavlyuchenko is getting his wish, and finally leaving Tottenham. He will return to Russia with hopes of playing regular games and nailing down a place in Russia's Euro 2012 squad.
Lokomotiv Moscow is his destination, as he departs for a fee believed to be around £8 million ($12.6 million).
8:00 p.m.: The January transfer window has officially closed, but there will be a steady trickle (stream?) of news coming out over the next few hours. We will have it all for you, as it becomes official.
6:30 p.m.: Pizzaro's move to City is complete. It is a loan deal that will run until the end of the season.
The Chilean international joins the Premier League leader from AS Roma. Manager Luis Enrique has used him sparingly this season. Roberto Mancini could find his versatility and experience to be useful assets in City's title charge.
6:15 p.m.: Tottenham defender Sebastian Bassong has joined Wolves on loan until the end of the season.
The Cameroonian international has only made one start in the Premier League this season.
Wolves could have used his services against Liverpool on Tuesday.
6:05 p.m.: West Ham has signed Manchester United's rebellious teenager Ravel Morrison.
Sir Alex Ferguson was outraged by the soon to be 19-year-old's salary demands. He would have been a free agent at the end of the season, so United let him go for an undisclosed fee.
5:59 p.m.: Edson Buddle, the former L.A. Galaxy striker, has been released from his contract by German club Ingolstadt FC.
The 30-year-old USA international had a trial with Everton in December.
5:50 p.m.: Zamora's move to QPR may have hit a snag because of his salary demands.
A basic fee of £7 million ($11 million) — rising to £9 million ($14 million) with performance clauses — has been agreed to, but if Zamora doesn't pen a contract, the move will be off.
5:40 p.m.: With the deadline fast approaching, we can confirm a few moves.
Saha is off to Spurs. He leaves Everton on a deal that runs through the end of the season.
4:55 p.m.: What did we miss during LFC's demolition of Wolverhampton Wanderers? We'll round up the afternoon's transfer activity shortly.
2:35 p.m.: QPR is assembling a real strike force at the deadline. Fulham's Bobby Zamora looks set to join Cisse in a revamped attack.
2:30 p.m.: As if a ton is not enough, Arsenal has added another teenager to its ranks.
Borrusia Dortmund's Thomas Eisfeld is going to try his luck at Prof. Wenger's finishing school. The 19-year-old has starred in the youth setup of the German champion, but has not made his first-team debut.
12:55 p.m.: AC Milan manager Massimiliano Allegri said that as of last night, he had "no hope" of signing Tevez.
The Mirror reports Milan and Manchester City were only £4 million ($6.3 million) apart in their respective valuations of the Argentine striker. But it doesn't look like anything will happen on the Tevez front before the deadline.
12:05 p.m.: David Pizzaro looks like he's heading for Manchester City.
The 32-year-old midfielder has been granted a work permit, and could help City's title charge in the months ahead. It will be a loan deal that may contain an option to buy him outright at the end of the season.
12 p.m.: With Jelavic looking set to complete his move from Rangers to Everton, the Scottish Champions have set their sights on Norwich Captain Grant Holt.
Rangers' early bid was turned down, but they could come back with an improved offer.
11:45 a.m.: Cisse's move to QPR is now official. The French international striker signed with the West London club until 2014.
He should be available to play in Wednesday's trip to Aston Villa.
11:30 a.m.: We have another confirmed deal to report. Roy Hodgson's West Brom has secured the transfer of Birmingham City defender Liam Ridgewell.
The reported fee is £2.5 million ($4 million).
10:55 a.m.: Sotirios Kyrgiakos (remember him?) is back in England. He was last spotted in Sunderland, looking to seal a loan from German club Wolfsburg.
10:45 a.m.: German club Bayer Leverkusen has no use for the great Michael Ballack. But it has sealed a deal for Tottenham outcast Vedran Corluka. He joins Leverkusen on loan until the end of the season.
The Croatian fullback hasn't started a league game since August, as Kyle Walker's steady performances have kept Corluka off the field.
10:30 a.m.: Blackburn manager has told defender Christopher Samba that he is staying at the club for the remainder of the season.
The experienced defender has pushed for a move away from the relegation contender in recent weeks, but it looks like he may not get his wish.
10:05 a.m.: Arsenal and Bolton have confirmed that teenage winger Ryo Miyaichi has joined Bolton on loan through the end of the season.
The 19-year-old winger made just two appearances for the Gunners this season. He should return to Arsenal in the summer with some Premier League experience under his belt.
9:45 a.m.: The Guardian reports Everton is agreeing to let Saha leave for Tottenham six months before his contract expires.
This, of course, is subject to the 33-year-old completing a physical, putting the chances of a move around 10 percent (just kidding, it's likely to happen).
9:35 a.m.: Staying in Italy, it looks like Tiago Motta is joining Paris Saint-Germain (PSG) from Inter Milan.
The 29-year-old midfielder was a key figure in Inter's 2010 UEFA Champions League-winning team, but the Italians are cashing in on him.
He will join PSG for a reported £8.4 million ($13.3), in what looks like a cost-cutting measure.
PSG will benefit from his experience, composure and versatility.
9:11 a.m.: Sulley Muntari has completed a loan move from Inter Milan to across-the-hall rival AC Milan.
The much-traveled Ghanaian has been a spectator for much of the season, and will help ease AC Milan's injury crisis in the midfield.
9:00 a.m.: Anzhi Makhachkala could solve Arsene Wenger's Andrey Arshavin dilemma. The Arsenal manager can't stop playing the misfiring Russian, yet he can't win with Arshavin in the lineup.
The mega-rich Russian club is in talks with Arsenal about bringing Arshavin back to his homeland. The Russian transfer window closes next month, so it does not have to happen before the close of the European transfer window. But Arsenal would need to sign a replacement on deadline-day.
8:56 a.m.: Marcus Olsson's move to Blackburn has been confirmed by the Premier League club.
The 23-year-old moves on a free transfer. His addition might not be enough to save Blackburn from relegation.
8:50 a.m.: Wayne Bridge has found an escape route from Manchester City that takes him to Sunderland.
The former England left back joins Martin O'Neil's band of brothers on loan until the end of the season.
8:30 a.m.: Pavel Pogrebnyak, a 28-year-old Russian striker with German club VFB Stuttgart, is in West London undergoing a physical with Fulham, according to numerous sources.
If he joins the Cottagers, Bobby Zamora could be headed to QPR, as has been rumored. Others could be on the move to and from Fulham as well.
8:20 a.m.: This move is confirmed. Kevin De Bruyne is joining Chelsea from Belgian club Racing Genk … in the summer.
The Associated Press reports the Blues signed the Belgian winger for a reported £9 million ($14.2 million), then waffled on his start date. They loaned De Bruyne back to Genk through the end of the season. He signed a contract that runs until 2017, so time is on his side. Yes it is.
8:10 a.m.: Here's another rumor for you: Lois Saha is on his way from Merseyside to North London.
A loan from Everton to Tottenham seems to be a possibility.
7:45 a.m.: Rumor has it, AC Milan has reopened talks about signing Tevez.
And it appears Tevez is appealing the fine of six-weeks' pay with which Manchester City hit him back in December. He's taking his case to the Premier League.
7:30 a.m.: Blackburn is attempting to reunite the band. It has signed Swedish winger Marcus Olsson from Swedish club Halmstads.
Olsson's twin brother Martin has been with Blackburn since 2007.
7:20 a.m.: Expect QPR to be very busy on deadline day. New manager Mark Hughes will throw some money around to strengthen his team as it battles relegation.
His first move is to bring Djibril Cisse to London from Lazio. The former LFC striker will reportedly cost £4 million ($6.3 million).
7:10 a.m.: It looks like Everton will win the race for (Glasgow) Rangers striker Jelavic. He is heading to Merseyside to negotiate a contract with the Toffees, and take that all-important physical. ESPN reports the transfer fee is reported to be around £8 million ($12.6 million). It is unknown where Everton came up with that kind of cash.
7:05 a.m.: First up, it's all quiet on the Liverpool front with no word of any players coming or going.
7 a.m.: Good morning, good afternoon and good evening to all of you out there. There's plenty of action to talk about, so we're just going to dive right in.
12 a.m. ET: Call it the calm before the storm, but the January 2012 transfer window has been a very quiet one so far. But the close of any transfer window is always good for a flurry of deadline-day deals, and we'll have them covered right here.
Manchester City's Carlos Tevez is on his way back to the Premier League leader, but he may not get a chance to unpack his bags. Rangers striker Nikica Jelavic was rumored to be longing for a move to Anfield, but he may land at Everton instead. Arsenal could be adding another young player, Thomas Eisfeld, to its ranks.
Join us right here, as we'll follow all the comings and goings around Liverpool, the Premier League and world soccer. We'll have news, analysis, insight and opinion about the major deadline-day moves starting at 7 a.m. ET.