Tottenham have approached Valencia for fullback Miguel.
Spurs, who are in the market for a goalkeeper, right-, left- and centre-back, failed in an £8million bid for Alan Hutton earlier this month when the Scotland full-back elected to remain at Rangers. That offer further unsettled current right-back Pascal Chimbonda, who has since gone public with his desire to leave the club.
Valencia have expressed an interest in Chimbonda, raising the prospect of a swap plus cash deal for Miguel if the Spanish side are able to match the France international's wage demands.