Tottenham have set £26.5 million aside to sign Benfica defender Alejandro Grimaldo, according to reports in Portugal.
After being handed a new five-year contract last month, Mauricio Pochettino has reportedly been handed increased transfer funds to overhaul his squad this summer.
However, part of those funds will be made up of player sales, with Toby Alderweireld and Mousa Dembele chief among the list of names expected to leave Spurs this summer.
Another player who has been linked with an exit is Danny Rose, although he recently hinted he wants to stay.
That said, the Manchester clubs and Everton have held an interest in Rose in the past and there is a chance he will depart in the comings weeks.
Tottenham will need a new left-back if that happens, and Grimaldo is said to be an option.
According to Portuguese outlet Record, Spurs have put €30 million (£26.5m) aside to sign the 22-year-old.
Whether that will be enough remains to be seen, as Grimaldo has a release clause of €60 million (£53m).
If Rose leaves, Tottenham will likely be linked with plenty of other potential replacements.
If Rose wants to stay and fight for his place then we should keep him. A fit, in-form Rose is better than Ben Davies