Real and Arsenal agree loan swap

Real and Arsenal agree loan swap - Yahoo! Sport UK
Real Madrid have agreed a deal with Arsenal to take Spain forward Jose Antonio Reyes on loan for one season in exchange for Brazil's Julio Baptista, the Primera Liga club said on Thursday.
The "transfers" continue, with Kevin Kilbane moving from Everton to Wigan who then let Graham Kavanaugh join Keane at Sunderland.

Looks like Chimbonda to Spurs is the last piece of the transfer puzzle.