Real Madrid will only consider approaching Mauricio Pochettino if they suffer a ‘thrashing’ against Liverpool in the Champions League final.
Pochettino will hold talks with Tottenham chairman Daniel Levy in the coming days over the club’s future investment plans.
The Argentinean hopes to be granted up to £150m this summer as the north London club look to bridge the gap to the Premier League’s top two.
There has been previous interest in Pochettino from Real Madrid, who are on course to finish in a disappointing third place in La Liga this season.
But the Daily Mail report that Zinedine Zidane ‘has convinced the Madrid hierarchy that he has earned the right to remain at the helm’ by guiding the club to a third consecutive Champions League final.
The Mail add that Real will not approach Pochettino over becoming manager, and that ‘only a thrashing by Liverpool’ could change their minds.
The Spaniards feel that Pochettino may simply be ‘engaging in dramatic posturing’ with his recent comments over Tottenham’s future, and that Zidane has earned the chance to take the club forward again.
If Real do make a move for Pochettino, Levy ‘holds all the cards’. The manager has no release clause in his current contract, which has three years left to run.