David Walker continues his review of the January transfer window and how the moves will impact each teams success, or survival at the end of the 2005/06 season.

Everton
After spending the early part of the season facing a relegation battle the only reinforcements came in the form of Alan Stubbs, joining from Sunderland for his second spell at the club.

Two players have left the club Marcus Bent to Charlton and Per Kroldrup to Fiorentina. The Danish defender arrived in a 5 million switch from Udinese but returned to Italy for substantially less after making just one league appearance.

At 10 points clear, Everton look safe from the drop but you may be tempted by the 33/1 relegation odds.

Fulham
Fulham are battling against relegation and have made five new signings. Goalkeepers Tony Warner and Antti Niemi joined from Cardiff and Southampton respectively while New Zealand international Simon Elliott arrived from Columbus Crew. Defender Wayne Bridge and midfielder Michael Brown joined from Chelsea and Tottenham Hotspur on loan.

Without an away win all season, Fulhams strength and key to survival lies in their form at Craven Cottage. 26 of the 29 points accumulated have come from home wins and manager Chris Coleman will need to keep up this momentum. Fulham can be backed at 14/1 for relegation.

Liverpool
Third in the table and a favourable draw in the Champions League has seen further recruits arrive at Anfield. Defender Jan Kromkamp arrived in a swap deal from Villarreal which saw Josemi return to Spain while Danish defender Daniel Agger cost 5.8 million from Brondby.

A host of fringe players left on loan deals but all transfers were eclipsed by the return of striker Robbie Fowler, five years after leaving Anfield. Fowler scored 120 goals in 236 Premiership matches for the Reds previously and with Manchester United wobbling, Liverpool could eclipse them in second position. They are three points behind in third but have two games in hand. Rafa Benitezs side can be backed at 6/5 to win the Premiership in the without Chelsea market.

Manchester City
Following a blistering start to the season, City are sitting comfortably in tenth position. Manager Stuart Pearce will not stand for half measures and has motivated his side into three wins out of their last four matches, including a 3-1 derby win over bitter rivals United.

Pearce has boosted the ranks with the 6 million signing of Greek striker Georgios Samaras from Heerenveen after allowing Robbie Fowler to rejoin Liverpool and the loan capture of Espanyol midfielder Alberto Riera. Pearces managerial qualities have not gone unnoticed and he is quoted at 20/1 to succeed Sven Goran Eriksson as the next England boss.

Manchester United
The former Premiership powerhouses have been exposed yet again this season as being nowhere near Chelsea in terms of results, consistency and strength in depth. However, the Glaziers sanctioned the arrivals of Spartak Moscow defender Nemanja Vidic Spartak for 7 million and 5.5 million signing Patrice Evra.

A dire spell in Europe has seen them with the Carling Cup one of their only chances of silverware this season although Sir Alex Fergusons side are still 5/6 favourites for the Premiership without Chelsea. Strike duo Ruud van Nistelrooy is 5/6 and Wayne Rooney 10/1 to top the Premiership scoring charts.

Middlesbrough
One of the pre season outsiders for a top four position, Middlesbrough are now staring relegation square in the face. Boro have won just once in their last 10 Premiership outings and that was away at rock bottom Sunderland.

No players arrived in January although Szilard Nemeth left for Strasbourg. One of the few bright spots, striker Yakubu, can be backed at 16/1 to top the Premiership goalscoring chart while speculative punters may fancy the 13/2 on offer of relegation.

Newcastle United
Manager Graham Souness became the latest Premiership managerial casualty after recently losing five of their last six league matches. With just 36 wins in his 83 matches in charge the club are hovering six points above the drop zone.

Big money arrivals Michael Owen and Alberto Luque failied to ignite an expected charge for European football and former West Ham manager Glenn Roeder and Alan Shearer have taken over the reigns temporarily. Bolton manager Sam Allardyce is the 9/2 favourite to take over permanently and despite a poor run of form the Magpies remain 20/1 outsiders for relegation.

The third and final part of the review will look at transfers involving Portsmouth, Sunderland, Tottenham Hotspur, West Bromwich Albion, West Ham United and Wigan Athletic.