Bayern Munich gave Tottenham until midnight on Friday to accept a club-record offer of over €100m ($110m) for striker Harry Kane, sources told ESPN.
Sources tell ESPN that Bayern’s latest offer includes a €100m guarantee with surcharges of up to around €20m.
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Kane, 30, is in the last 12 months of his contract but Bayern are ready to blow their highest-ever transfer – the €80m Atletico Madrid paid for defender Lucas Hernandez – to sign the England international.
Bayern are now awaiting a reply from Spurs and have threatened to turn to other targets should the offer not be successful.
Sources told ESPN that Kane has no interest in signing a new contract with Spurs this summer and that the club must leave the decision to cash out now or risk his precious fortune for nothing at the end of the season to lose.
Kane has been Bayern’s top target all summer but there is a desire on all sides to get a result as soon as possible rather than allow the situation to drag on until the start of the season.
Face-to-face talks took place this week between Tottenham chief executive Daniel Levy and Bayern chief executive Jan-Christian Dreesen and there is optimism Kane is open to a move to the Bundesliga champions if the two clubs agree on a transfer fee can agree.
Kane has 212 Premier League goals and is within reach of Alan Shearer’s record (260). However, his motivation is winning silver titles as he has never won a trophy with Tottenham or England.
However, it remains to be seen if Spurs are ready to lose their talisman as new manager Ange Postecoglou looks to improve on his eighth-place finish from last season.