The two clubs have reportedly been in talks for some time, and Coates has revealed his club would not budge from their latest offer.
He told BBC Radio Stoke: 'We've made our last bid. The ball is in their court. We shall not be negotiating from where we are.
Tall order: Stoke are interested in Tottenham striker Peter Crouch
'The last conversation I had with Spurs, we had not agreed anything. We'll see what happens, but we haven't got any further.'
Stoke are also set to rival Bolton in the race to sign Manchester City misfit Shaun Wright-Phillips.
The England international midfielder, 29, is surplus to requirements at the Etihad Stadium and City boss Roberto Mancini admitted he is open to offers for the former Chelsea star.
On the move: Stoke are also keen on Spurs midfielder Wilson Palacios
Stoke already have two first-choice wingers in Matthew Etherington and Jermaine Pennant but manager Tony Pulis wants to provide competition ahead of a busy season with the Potters also challenging in Europe.
City are said to want ?3million for Wright-Phillips, a fee Bolton boss Coyle is stalling on due to added problem of the player's wages.
But with the wealthy backing of owner Peter Coates, Stoke - who signed free agent Matthew Upson on Tuesday - are said to be confident in striking a deal.
Up for grabs: Manchester City are willing to offload winger Shaun Wright-Phillips
Pulis wants to add steel to his midfield and find goals in attack after a deal to bring West Ham strikerCarlton Cole collapsed earlier this summer over personal terms.
Tottenham's interest in ?35m-rated Porto striker Hulk could pave the way for Crouch's departure while Palacios has fallen out of favour at White Hart Lane.
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