Newcastle have reportedly rejected a 23 million-pound bid from Spurs for star striker Andy Carroll.
The 22-year-old has scored 11 English Premier League goals this season to help Newcastle into ninth place, but he is currently sidelined with a thigh injury.
Spurs have made no secret of their admiration for Carroll but Newcastle have issued a firm rebuttal of their latest offer.
The North London side are now likely to turn to other targets before the transfer window closes on Monday.
Spurs boss Harry Redknapp, meanwhile, has said the club should not consider selling star winger Gareth Bale, despite reports of a 40 million-pound bid from Inter Milan for the Welshman.
“You have special players in your team and if you’re going to be a top team you’ve got to keep your top players,” Redknapp said.
“We can’t go selling Gareth Bale, in all honesty. You’ve got three or four players who can make the difference and he’s one of those players. If you lose him, how are you going to replace him?”
“When he gets the ball, he can do something that no one else can do. You can’t afford to lose him and if you sell him the moment you sell him it sends out the wrong signals.”
“It’s up to the chairman at the end of the day, but I’d be very surprised if we’d be interested in selling him at any price.”
“When I was at West Ham they sold Rio Ferdinand (to Leeds) and that was the beginning of the end. Once you start selling the best young players you’re no longer building a team, you’re dismantling a team. We won’t be doing that here.”