Sports Interactive have announced the release of an update for Football Manager 12, ensuring all the players are in the correct teams after the January transfers.
The patch update is available through Steam now and also includes a number of fixes for the game such as some crash issues and player decisions. The patch may automatically download through Steam depending on your settings otherwise you will need to install t manually.
One of the staff members of the Sports Interactive for FM12, Jeremy Brock, answered some questions about concerns with downloading the patch, stating that you will not lose your saved games however you will obviously need to start a new file if you want the effects in your manager mode.