Daniel Levy is reportedly standing firm in his £14million valuation of Andros Townsend with Newcastle said to prefer a loan deal.
Steve McClaren is keen to add Spurs winger Townsend to his ranks as the 18th-placed Magpies bid to stave off relegation.
Newcastle owner Mike Ashley is said to a have sanctioned a January spending spree, with Jonjo Shelvey and Henri Saviet already recruited at a cost of around £17million, but the Toon are understood to want to bring Townsend in on loan for the rest of the season before a possible permanent switch in the summer.
Tottenham chief Levy, however, is refusing to sanction a try-before-you-buy deal and is demanding a massive £14million this month, according to the Daily Mail. Townsend has fallen out of favour under Mauricio Pochettino and Spurs are concerned that the England winger’s value will plummet should he fail to shine during any initial loan period.
Townsend is understood to be desperate to make the move to Newcastle, who are also said to be exploring the possibility of QPR’s £7million-rated Matt Phillips as an alternative.
The Mail claim Spurs have also made an enquiry for Newcastle’s Ayoze Perez, but the Spanish forward will not be allowed to leave while McClaren’s side are in a relegation battle.