This one doesn't need much introduction.

We want to hear all your views on Jorgen Strand Larsen's imminent move to Crystal Palace.

Is it a good move for Palace, or a bad one? Have they overpaid or will he justify his price tag between now and the end of the season.

He joins Brennan Johnson at the club and takes their January outlay to £85m.

Lots to go at with this one.

Click that 'Get Involved' button to send in your views.

Ben Ramsdale
BBC Sport

£25m per 2025-26 Premier League goal contribution

Image source, Getty Images

It hasn't been the best season so far for Wolves forward Jorgen Strand Larsen.

But then again, it hasn't been the best season for Wolves.

He has made 25 appearances in all competitions, scoring six times and providing two assists.

Three of those goals, however, did come against League Two side Shrewsbury in the FA Cup.

In the Premier League, he has made 21 appearances and scored just one goal while providing one assist.

Sami Mokbel
BBC Sport Senior football correspondent

Crystal Palace have agreed a deal in principle worth in the region of £50m to sign Wolves striker Jorgen Strand Larsen.

Sources have told BBC Sport that Palace's interest in the 25-year-old forward has intensified in the past 24 hours and a formal bid is now set to be submitted.

Palace broke their club record with a £35m move for Wales striker Brennan Johnson earlier this month but Strand Larsen's arrival would surpass that deal.

It has been known that Wolves are open to selling the Norway international this month provided they get a fee close to the £55m they rejected from Newcastle for the striker during the summer transfer window.

Leeds have already seen an offer of £40m rejected by Wolves, and as things stand the Elland Road club are reluctant to go much higher.

Palace's pursuit of Strand Larsen raises further uncertainty over Jean-Philippe Mateta's future at Selhurst Park heading into the final days of the window.

Mateta wants to leave Palace and has informed the club's hierarchy of his wishes.

Juventus and AC Milan are among the clubs to have shown a concrete interest in the France international, while Nottingham Forest submitted an offer of about £35m for Mateta at the weekend.

Mateta is understood to want to play Champions League football, but a move to Forest is understood to be a financially lucrative option for the 28-year-old.

Image source, Getty Images

Ben Ramsdale
BBC Sport

Ready for some transfer bits, then?

Well, let's kick off with that news we brought you earlier regarding Wolves striker Jorgen Strand Larsen.

It looks like he's on his way - and for a hefty fee...

That's your lot with regard to the Champions League for today.

We'll be going full on transfer news now, but first, here's a recap of all the best bits we've covered today:

• Watch: Chaotic scenes as Benfica goalkeeper Anatoliy Trubin scores a 98th minute goal
• And a look at how that dramatic game unfolded in Portugal
• Who could each Premier League team face in last 16?
• And how exactly does the Champions League play-off draw work?
• Why are Premier League teams dominating in Europe?
• Finally, the best of your reaction on a busy morning

Bodo/Glimt became the first Norwegian side to progress from the league or group phase in Champions League since Rosenborg in 1996-97, with a historic victory against Atletico Madrid to seal their spot.

The Norwegian champions - who beat Manchester City 3-1 eight days ago - finished the league phase in 23rd place, sealing their progression with a historic victory 2-1 win against Atletico Madrid.

The decisive strike came in the 59th minute when forward Kasper Waarts Hogh pounced on a goalmouth scramble to poke past Jan Oblak and seal a first away win in the competition for his side.

Bodo/Glimt will face either Real Madrid or Inter Milan, while Atletico will be paired against either Club Brugge or Galatasaray.

Image source, Getty Images

Image source, Getty Images

Paris St-Germain won the Champions League last season after beating Inter Milan 5-0 in the final. However. their campaign did not get off to the best start.

The French club finished 15th in the group stage after registering four wins, one draw and three losses. They had to go through the play-offs where they beat Brest 10-0 on aggregate.

So fans shouldn't be too disgruntled by their 11th place finish in the group stage this time around. They recorded four wins, two draws and two losses. But they have shown they can go on and win silverware without automatic qualification to the round of 16.

Jessie J may be able to forget about the price tag but football owners definitely do not. Real Madrid and Paris St-Germain are amongst the top five clubs in terms of revenue in the 2024/25 season (see graphic below) but both failed to make the top eight of the Champions League group stage.

So why have Premier League clubs, who have made less money, been more successful in Europe this season so far?

Six Premier League sides sit inside the top 10 of the Deloitte Football Money League, while 50% of the top 30 come from the English top flight.

TV rights have generated enormous broadcast revenues for Premier League sides, with the income from that source dwarfing those of other countries.

Last summer, Premier League clubs outlaid more than ever before in the transfer window as spending surpassed £3bn.

To highlight just how much financial power Premier League clubs have over elsewhere in Europe, the total spent in the summer window was more than was spent by Bundesliga, La Liga, Ligue 1 and Serie A clubs combined.

Image source, Getty Images

It's probably not that much of a surprise. They didn't drop a single point in the league phase, but can Arsenal maintain this ruthless form in the knock-outs?

Opta certainly think so. They have the Gunners at 29.84% to win their first Champions League trophy. Their main competition, it seems, are three Premier League teams and Bayern Munich.

Tottenham, meanwhile, despite finishing in the top eight, have a lower chance than Newcastle, who finished 12th, of winning the thing.

Here's who Opta see as the top eight contenders:

• Arsenal (29.84%)
• Bayern Munich (14.90%)
• Man City (10.49%)
• Liverpool (8.95%)
• Chelsea (7.54%)
• Barcelona (7.01%)
• PSG (5.10%)
• Newcastle (3.19%)

Below that...

• Ranked 11th, Tottenham (2.29%)
• Ranked 12th, Real Madrid (1.88%)

Fair from Opta?

Tottenham seem to be having two different seasons in the competitions they are playing in. In the Champions League they are through to the round of 16 after finishing in the top eight, in the Premier League they sit in 14th just eight points outside the relegation zone.

But what are the stats saying about the difference in their form across both competitions? Well here's all you need to know (all stats are from Opta):

• Goals scored: 33 in 23 Premier League games v 17 in eight Champions League games
• Goals conceded: 31 in Premier League v seven in Champions League
• Expected goals: 24.02 in Premier League (second lowest after Wolves) v 13.97 in Champions League
• Average points per game: 1.22 in Premier League v 2.125 in Champions League

Champions League

The process is fairly simple.

Clubs are paired together based on where they finished at the end of the league phase to form seeded and unseeded pairs.

The teams that finished ninth to 16th will be in the seeded pairs, while 17th to 24th will be in unseeded pairs.

The seeded teams are drawn against unseeded teams. For example, 15th and 16th will face 17th and 18th.

The seeded teams will play the second legs at home.

As Newcastle finished in 11th position, they will be paired with 12th-placed Paris St-Germain as a seeded pair.

They are guaranteed to face either Monaco or Qarabag in the play-offs as they ended the league phase in 21st and 22nd respectively.

You can see a visual representation of the brackets below.

Image source, Uefa

Image source, Getty Images

Chelsea's victory over Napoli secured a guaranteed passage for Liam Rosenior's side into the last 16 of the Champions League.

It means the Blues have now reached the last 16 of the competition more than any other English club in history.

Chelsea have made it to this stage on 18 occasions and leapfrog London rivals Arsenal who have done so 17 times.

The Chelsea admin made sure to let the Gunners know on X, external, too...

Chelsea

Chelsea sat in eighth place going into Wednesday evening's match in the final automatic qualification spot.

They were only there though via goal difference and knew they would likely have to win plus have a couple of things go their way to ensure a top eight spot.

Here's how a topsy-turvy evening in Naples unfolded:

• 19' Enzo Fernandez gives Chelsea a 1-0 lead from the spot and moves the Blues up to sixth.
• 33' Antonio Vergara equalises for Napoli and keeps their hopes of a play-off spot alive. Chelsea slip out of the top eight in ninth.
• 43' Napoli complete the turnaround as Rasmus Hojlund puts the Italian side in front.
• HT: The hosts are in the play-off spots while Chelsea slip all the way down to 12th.
• 61' Joao Pedro equalises and in doing so knocks Napoli out of the top 24. Chelsea remain outside of the top eight.
• 82' Pedro scores again and gives Chelsea the lead, moving them back up to sixth.
• FT: Chelsea confirm top eight spot with victory while Napoli are knocked out of the Champions League.

Jorgen Strand Larsen has agreed in principle to join Crystal Palace for £50m.

The Norwegian forward will move from Wolves to the London side.

We will be focusing on the transfer window from midday GMT so make sure you stick around for all of those updates.

• Read the full story here

Now back to some more Champions League reaction.

Image source, Getty Images