Andre Villas-Boas has admitted that star midfielder Luka Modric would be sold "for the right price".
Spurs chairman Daniel Levy rejected several offers from Chelsea for Modric last summer and insisted the Croatian would not leave White Hart Lane, however new boss AVB has confirmed that subject to renewed interest from other clubs, negotiations continue.
He said: "The interest that we have from various different clubs shows the importance of the player and what he's done for Tottenham.
"It's fair to say that the club respects Luka's ambitions and his willingness to move on and he respects the fact that he's an important player for the club and can help us move forward.
"Ongoing discussions will continue with these clubs until we reach an agreement which is acceptable for each party."
Villas-Boas is lining up a replacement however with Porto midfielder Joao Moutinho being on top of his wish list.