The Ghana international's contract is said to carry a buyout clause set at £75m.
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The Telegraph says Spurs and United both made offers of £50m to Bournemouth for Semenyo - but the Cherries refused to do business.
Bournemouth are prepared to lose Semenyo in 2026 - but not until the next summer market.
Semenyo penned a new deal with the Cherries in July to 2030.
