The Telegraph says he is reportedly willing to let Sean Davis, Noe Pamarot, Martin Cranie, Richard Hughes, Djimi Traore, Lauren and David Nugent leave the club to finance any deal.
Redknapp spent £11 million to bring Peter Crouch to the FA Cup winners from Liverpool and needs to recoup some money before spending again. Redknapp said: "When you start talking about the type of players we are trying to bring in, no disrespect to Djimi Traore, but his money doesn't buy you Wright-Phillips.
"You would like to have him for sure, but he's good money and at the moment we haven't got that. We need to find the money if we're going to finance a deal."
He added: "Business is business. If you want to get a couple more in now we have got to generate money."