Bayern Munich forward Mathys Tel has rejected a move to Tottenham after the clubs had agreed a £50m deal, according to Sky in Germany.
Bayern’s bosses are aware of the 19-year-old’s decision to turn down Spurs.
Tel is more open to a loan deal with Manchester United, Aston Villa and Chelsea in the race to sign the France U21 international.
There is also interest in the ex-Rennes attacker from Saudi Arabian club Al-Ahli, who are managed by German Matthias Jaissle.
Manchester United have made tentative enquiries about Tel. However, any potential deal is likely to depend on departures at Old Trafford with interest in Marcus Rashford and Alejandro Garnacho.
Spurs, meanwhile, had been hoping more regular game time would persuade Tel to join them over others.
Tel’s rejection is a blow for Spurs boss Ange Postecoglou after also missing out on Randal Kolo Muani earlier in the window after he opted to join Juventus on loan from Paris Saint-Germain.
Spurs in talks for AC Milan defender Tomori
Latest from Sky Sports News’ Michael Bridge:
Tottenham are in talks with AC Milan over a move for ex-Chelsea defender Fikayo Tomori.
The England international is one of a number of options Spurs are looking at ahead of Deadline Day.
Tottenham boss Ange Postecoglou has said the club are considering signing a defender before Monday’s 11pm deadline.
Analysis: Why Tel is in demand
Sky Sports’ Nick Wright:
Tel has been a peripheral figure for Bayern Munich this season, playing only 344 minutes across their Bundesliga and Champions League campaigns without scoring. But at 19, he remains a thrilling talent with plenty to offer and plenty of room for improvement.
He demonstrated his immense potential last season, contributing nine goals and six assists across the Bundesliga and Champions League, despite mostly featuring as a substitute, and averaging an eye-catching 1.15 goal involvements per 90 minutes.
Context is important, of course. Many of those substitute appearances came at points in games where Bayern were already several goals up. But his talent is not in doubt. It is what convinced Bayern to pay roughly £23m to land him at the age of only 17 in 2022.
Tel is quick, strong in the air and, crucially, an accomplished finisher. His versatility is another asset.
As shown in the graphic above, Tel’s minutes at Bayern have been split across different positions. He has played the highest share of minutes on the left, where he is able to cut in on his right foot. But he is also adept with his left foot and has been used on the right, as a central striker, and even in midfield.
He would have to adapt to new surroundings in the Premier League, of course. Hitting the ground running would be a challenge mid-season. But it is easy to understand the interest, even if he would not come cheaply to any side looking to sign him permanently.
Transfer Centre LIVE! Deals, rumours, news on your phone 📱
The January transfer window is OPEN!
Follow all the latest deals, news and rumours on the ‘Transfers’ section of the Sky Sports app!
Looking for news about YOUR club? Find dedicated transfer pages for EVERY Premier League team.