While Hearts and Hibs could look to bring players in or move players on, January also signals a time when there can be a look to the future and to those players whose deals expire at the end of the campaign.
Clubs are free to open discussions with individuals who are into the final six months of their contract. Looking around the Scottish Premiership there are a host of key players who could interest the Capital duo. Due to the financial climate of Scottish football their current side may not be in a position to offer a new deal yet, while other clubs could see an opportunity to get some talented stars in on a free.
Scroll down and click through for some of the most interesting Premiership players whose deals expire at the end of the season.
Scroll down and click through for some of the most interesting Premiership players whose deals expire at the end of the season.
5. Declan Gallagher - Motherwell
After his Scotland performances the centre-back will likely be interesting a whole host of clubs in Scotland, England and abroad. Motherwell could find it very difficult to hold on to the player. Photo: Rob Casey - SNS Group
6. Hakeem Odoffin - Hamilton Accies
The centre-back has, like most of Accies squad, disappointed in recent weeks but earlier in the season was a key player when the team went on their best run. He is a danger in the opposition box at set pieces. Photo: Ross MacDonald - SNS Group
7. Liam Smith - Dundee United
The former Hearts full-back dropped to the Championship where he became one of the league’s most reliable defenders and deserved another shot at the top flight with United. Photo: Ross MacDonald - SNS Group
8. Stuart Findlay - Kilmarnock
The centre-back has been one of Killie's most consistent players. Moved from left-back into the centre and hasn't looked back. Good on the ball, aggressive and a good pace on the turn. Photo: Craig Foy - SNS Group