Tottenham and Everton are interested in Taylor and Redknapp said: "You are always looking to improve the team and if someone comes up who is a fantastic option it's a case of who can I sell to get him?
"If, for instance Cristiano Ronaldo came up and I had a good wide player I would still sell him if it meant getting Ronaldo.
"If I have to raise some money for a top player it's down to who I get an offer for. Sometimes you have to sell a player you are not so keen to sell. I'd like another striker if I can get a top one.
"They are like gold dust. There are only a certain amount of them and I have someone in mind. If that person becomes available, I will do some business.
"I may have to sacrifice one or two players who people think are good to get the players I feel can improve the team."