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Tottenham Hotspur risk losing Christian Eriksen for £40million this summer, per The Sun.

Eriksen has yet to sign a new contract at the club and his current deal expires at the end of next season, meaning he could leave north London on a free transfer in 2020 if he does not commit to new terms.

What's the word?

The Denmark international, per the aforementioned report, has courted interest from La Liga giants Real Madrid.

The Sun claim that Real have been tracking Eriksen for over two years and are ready to table a bid in the summer as they look to reshape their squad under returning manager Zinedine Zidane.

Eriksen has been with Spurs since 2013 and has made 264 appearances for the club, scoring 63 goals and laying on 81 assists.

The report claims that he is central to manager Mauricio Pochettino's plans but, as he enters the final year of his contract, also states that he could be available for a knock-down price.

A figure of £40m is touted as potentially being enough to convince Spurs into a sale.

Fans would rebel

Chairman Daniel Levy cannot allow this to happen.

This is not to say that Eriksen is irreplaceable - he is a streaky player and regularly undergoes dips in his form - but the idea of losing him for £40m will be hard to stomach.

An Independent report in January claimed that Real hoped to seal a deal at around £100m and that is far more like it.

Eriksen may well have seen his market value drop due to his contract situation but Levy must ensure that if he leaves, the club must be compensated.

Spurs fans have seen the club endure two transfer windows without signing a player and the prospect of not replacing Eriksen would go down like a lead balloon in north London.

Fans are already on the fence surrounding Levy's dealings; it will into open rebellion if key players start departing on the cheap.