Tottenham Hotspur are allegedly prepared to pay the FC Porto defender's release clause.
According to a report from Portuguese website Sabado, Tottenham Hotspur are prepared to pay Ricardo Pereira's £22million release clause this summer, and given his talent and progress over recent seasons, that could be an absolute steal.
The report claims Tottenham manager Mauricio Pochettino has been tracking the player for a few years and will make his move if Kyle Walker leaves Spurs this summer.
Often Portuguese clubs have absurd release clauses for sub-standard players, but on this occasion it is the exact opposite, with Pereira available for a price that could see him hailed as one of the bargains of the summer, especially when you consider how much Tottenham could get for Walker.
As reported by the Sun, Spurs have slapped a £60million price-tag on the England international following interest from Manchester City. And while that has allegedly forced the Blues back, a compromise offer of between £40million and £50million is still within the realms of possibility given suggestions Walker would like to move on this summer despite his long-term contract.
If Tottenham get the full asking price for Walker - which seems unlikely at this stage - and they bring in Pereira for just £22million, they could make a profit of £38million and still have a very good right-back to call on.
Pereira has spent the last two seasons on loan at French club Nice, featuring 57 times and scoring two goals and providing eight assists in the process.
Equally comfortable playing at right-back or as a right winger, and still only 23, Pereira would represent considerable value for money.
Selling a player four years his senior for ludicrous money and signing a ready-made replacement on the (relative) cheap would be textbook Daniel Levy.
The question is: Just how much do City want Walker?