Tottenham will reportedly have to shell out £25m for the services of Valencia striker Roberto Soldado.
With Emmanuel Adebayor set to leave White Hart Lane and continuing uncertainty over Jermain Defoe's future, Andre Villas-Boas is keen to add two quality forwards to his ranks in this transfer window as the club continue their attempts to qualify for the Champions League.
Soldado is understood to be Spurs' top target, with a move for either Barcelona's David Villa or Aston Villa's Christian Benteke also expected. However, according to the Mirror, Valencia have now asked the north London outfit to trigger Soldado's release clause if they wish to land him this summer.
The report also claims Tottenham offered £17m for the Spaniard but the approach was turned down.
Soldado scored 24 goals in 35 La Liga appearances last season, to see off competition from Sevilla's Alvaro Negredo - a target for Manchester City - and earn a place in Spain's Confederations Cup squad.
Michael Dawson: Tottenham Focused on Pre-Season
Meanwhile, Spurs captain Michael Dawson claims his team is ready for pre-season and the players are already thinking about the club's first Premier League game next season, against newly promoted London rivals Crystal Palace.
The Londoners will head to Asia at the end of July, where they will take on the likes of Sunderland, Manchester City and South China FC in the Barclays Asia Trophy.
"It will be interesting to go away and play English teams in pre-season. I'm sure it will be good test and the atmosphere will fantastic out there," Dawson told the club website.
"It's all about hard work and preparing for the first game of the season. That's the most important thing. It's pre-season, we'll be focused and all working towards that first game against Palace," the England international added.