Tottenham have completed a swap deal of sorts with Everton, with Spurs taking on Louis Saha while the Toffees were able to land Steven Pienaar.
Saha has struggled for game time at Goodison Park, and likewise for Pienaar with Tottenham, and the deal would look to favour both parties, with Harry Redknapp singing the praises of his new striker after last night's defeat over Wigan.
"I like Louis. He is bright, sharp, got good movement and I think he'll do well for us," he said, as reported by the BBC.
He also told the Guardian: "Pienaar wants to go. I was going to bring [Milos Krasic] on loan from Juventus but it won't happen.
"We've lost three again [to injury] against Wigan. Kyle Walker did a groin, Rafa van der Vaart a calf and Emmanuel Adebayor's done a hamstring. We got decent money for Pavlyuchenko and Saha is bright... he gives me another striker."
The deal came particularly close to the wire, with Daniel Levy and Bill Kenwright both working hard until the last minute to secure their respective players.
Saha will join Tottenham on an 18 month deal, and is a gamble for Redknapp, with the 33 year old having scored just twice in 20 appearances this season.
Meanwhile, Everton couldn't be happier to have their playmaker back, after he left for Tottenham 12 months ago on a four year deal. Injuries have caused problems for Pienaar, and though he made his comeback to White Hart Lane in mid-December, he has managed just two league appearances since.
The deal sealed a particularly busy day for Tottenham, with the club widely being connected to a move for the likes of Chris Samba and Hugo Rodallega. The club also let striker Roman Pavlyuckenko go to Russian outfit Lokomotiv Moscow.
And while Giovani dos Santos was also linked to an exit from White Hart Lane, the 22 year old stayed at the club beyond 11pm.
BREAKING: Tottenham look to have completed another post-deadline day deal, with New Zealand international Ryan Nelsen set to join the club after Blackburn released him from his contract by mutual consent.
"We settled with Blackburn and have reached agreement with Spurs," his America-based representative from James Grant Sports told the Washington Post, as reported by Sky Sports.
"We're just awaiting clearance. It's for six months, with a one-year option. It all unfolded quickly."