Audio By Vocalize

Chelsea midfielder Enzo Fernandez and Atletico Madrid striker Julian Alvarez. [AFP]

Manchester City hope to seal a blockbuster move for Enzo Fernandez, while Arsenal have their sights set on Julian Alvarez in the final hours before the transfer window closes.

With Premier League clubs unable to sign players until January once Tuesday's 2200 GMT deadline passes, City, Arsenal and company have one last chance to improve their squads.

Frantic last-minute spending is on the agenda as City try to finally seal a swoop for Chelsea midfielder Fernandez.