Tottenham's finances are being weighed down by their overloaded goalkeeper stocks.
Since Lloris's arrival, Spurs have been trying to shunt either Brazilian Gomes or veteran Italian Cudicini out on loan - but there are no takers.
Friedel is a free agent in the summer and is expected to move on then - although he will not give up his slot just now without a fight.
Gomes and Cudicini are unlikely to take a loan move to the Championship.
Spurs let understudy David Button go to Charlton, but he was on around £2,000-a-week basic - a fraction of Lloris's deal.