Championship transfer latest: Nigel Pearson provides Bristol City update and the newest rumours surrounding other clubs

Championship clubs have had a busy January transfer window so far with just less than two weeks remaining for them to sign, sell and loan players in and out.

Bristol City aren’t part of those teams however, with no new signings making their way to Ashton Gate so far.

The reason for this could be due to the club making record losses of £38.4m.

Nevertheless, the financial situation at the Robins hasn’t stopped manager Nigel Pearson providing an update on potential new faces arriving this month.

This week, the club took former Liverpool and Man United target Ramello Mitchell on trial.

Speaking on BBC Radio Bristol’s Sound of the City, he implied that it could be a case of selling players before buying them at Ashton Gate.

"We are where we are, we have to have a realistic understanding of how we manage our way through this situation,” Pearson said.

"I’m not saying we’re not going to do any business categorically, what I’m saying is we have players who we may allow to leave if it allows us to do the business that we want to do bringing players in. It really is a case of it being that way round.”

The 58-year-old also emphasised the importance of reducing the club’s wage bill and how it’s not ‘impossible’ that the Robins could do business during the winter window.

"The decisions that we make now can’t be ones which are hit and miss, we’ve got to try and get things right because our squad has been too big, the wage bill has been too big.

"Football is in a pretty volatile situation in terms of sustainability and of course the figures that we released last month... it’s not impossible but we have to be very careful how we do it.

"It’s really important with us to engage with the fan base to know where we are."

Elsewhere in England’s second-tier, league leader Fulham could lose one of their standout players this month, with Liverpool interested in Fabio Carvalho.

The 19-year-old’s contract expires at the end of the campaign and according to the Daily Star, the Reds are looking to sign the forward for just £5m.

However, they also claim that due to Fulham not having the best relationship with Liverpool because of how the latter conducted the signing of Harvey Elliot from the London outfit, West Ham could now lead the chase for Carvalho.

Looking further up the country, Birmingham City boss Lee Bowyer has said that the Blues have ‘some money’ available to bring new players to St Andrews this month.

Following their 6-2 defeat to Fulham on Tuesday evening, Bowyer, via Blues Focus, implied there could be moves in the Midlands, but it’s ‘difficult’.

He said: “Myself and Craig are constantly talking to people but it’s difficult. I have heard there is going to be some backing and there’s some money available so that’s a plus.”

Finally, Preston North End will allow Jordan Storey to join League One side Sheffield Wednesday on loan for the remainder of the season, as per Sky Sports Transfer Centre.

The site claims the centre-back was at the Yorkshire club on Tuesday night to finalise a deal, beating competition from Ipswich Town and Sunderland to his signature.

Storey has made 20 appearances in all competitions for Preston this campaign, assisting his teammates once.