The Spurs captain is said by the French press to have been given certain promises upon signing a contract extension last year.
The 28-year old was reportedly told he would be sold if an offer of £17.8 million or more was received for him.
Spurs’ failure to secure Champions League football last season has left them unable to provide their captain with exposure to the competition he reveres most.
“The Champions League remains an important competition, the highest level in Europe, so obviously I want to participate and rub shoulders with the biggest European teams," Lloris is quoted as saying by the Mirror.
Spurs have denied there was any buy-out clause in the Frenchman’s new five-year deal and so any promises made appear only to be verbal agreements.
Will he leave?
£17.8 million seems low for a goalkeeper of Lloris’ stature in the current market conditions and Spurs may feel entitled to renege on their earlier agreement if such an offer arrives.
The problem then faced by Levy and Co. is the prospect of a season with an unhappy club captain and first team goalkeeper. Spurs do have previous in this area though, rejecting Chelsea’s approach for Luka Modric and squeezing another successful season out of him before selling abroad to Madrid.
Spurs could well take the same approach with their star goalkeeper in the hope that his presence for another season can propel the club back into a top four berth.