Report: Valencia reject Tottenham Hotspur bid for Joao Cancelo, just £2.5m from deal

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Tottenham Hotspur have shown their hand in the chase for Valencia right-back Joao Cancelo.

Tottenham Hotspur fans may still be waiting for a new face to arrive in North London but it appears that last season’s Premier League runners-up are about to spring into life with just over a fortnight remaining before the window slams shut.

Speculation is mounting that Ajax’s Colombian defender Davinson Sanchez could become Tottenham’s new record signing, Sky Sports reporting that Spurs had a bid of £36.6 million rejected but remain determined to land the 21-year-old.

And he could be joined in a potential new-look backline by Valencia right-back Joao Cancelo – if Spurs convince Valencia to sell, that is.

Since losing Kyle Walker to Manchester City, Tottenham have been linked with a wide range of right-backs from Hoffenheim’s Jeremy Toljan to Porto’s Ricardo Pereira.

However, it appears that Cancelo, a technically gifted youngster who has been linked with Juventus, Inter Milan and Chelsea this summer, is now their top target.

And Football Espana go as far as to claim that Spurs are the first club to have made a firm offer for the Portuguese international, making a bid of £20 million which Valencia have rejected.

However, this is just £2.5 million short of the fee demanded by the La Liga giants. The report adds that they may be convinced to sell Cancelo if a bid of £22.5 million is made, despite demanding manager Marcelino Garcia Toral insisting that he sees the 23-year-old as crucial to his plans.

It appears likely that Cancelo will depart the Mestalla this summer and, with just £2.5 million separating them from a deal, Spurs should not let this opportunity pass them by.