Evening update: Premier League clubs turn from fat cats to loan sharks

Spurs have agreed to sign Bayern Munich forward Matthys Tel on loan. Arsenal and Manchester United  were also interested in the player. 

COMPETITION: Brighton have signed striker Stefanos Tzimas from Nuremberg for €24m. His signing poses further questions about Evan Ferguson's long-term future at the Premier League club. Pic: Stuart Franklin/Getty Images

Premier League clubs have been turning from fat cats to loan sharks on transfer deadline day as a nervous market, and the growing influence of profit and sustainability rules, made last minute deals even more difficult to pull off – even for the likes of Arsenal and Manchester United who wanted to do business.

United, desperate for new blood as they sit 13th in the table, were unable to find a permanent deal for Marcus Rashford to raise funds, so instead sent him to Aston Villa until the end of the season.