The White Hart Lane chief will have to switch his focus back to club football now and has a trip to Bolton to plan for tomorrow night.
Coyle said: "From the outside looking in it was always difficult for it to happen - only because of the finance involved in terms of what the compensation would be.
"I'm led to believe it's a huge sum. At the end of the day, whatever it is, Harry Redknapp has seen it and done it in football. He is a terrific manager and a man, somebody I have a lot of time for."