According to the News of the World, Tottenham are preparing a £25m bid to sign Everton defender Jack Rodwell. Premier League champions Manchester United had been favourites for the player's signature but were put-off by the high transfer fee demanded by the Toffees, particularly as the England U21 international has a suspect injury record.
Tottenham boss Harry Redknapp is now seizing the moment for his move, although he faces competition from Premier League rivals Chelsea and Manchester City.
Honduras international Wilson Palacios expected to leave White Hart Lane in order to help fund Rodwell's arrival in the capital.