Tottenham target Pablo Osvalo has reportedly decided to stay with Espanyol.
According to talkSPORT, the 25-year-old striker - valued at £20 million - is prepared to reject interest in his signature and stay with the Barcelona club, for whom he scored 13 times last season.
Initial reports suggested that Spurs had been in contact with Espanyol regarding the Argentine, but the north London club will now have to look elsewhere in their pursuit of goalscoring reinforcements.
Spurs are known to be keen to add a quality marksman to their ranks during the summer and, inevitably, the White Hart Lane club have been linked with numerous potential acquisitions.
Ateltico Madrid forward Diego Forlan and wantaway Manchester City ace Emmanuel Adebayor are both said to be on the radar of Spurs, while Harry Redknapp is also thought to be keen on Leandro Damiao of Internacional.
However, the Spurs boss has allegedly been told by chairman Daniel Levy that he must trim his squad before significant investment can be made, while Roman Pavlyuchenko and Jermain Defoe have been tipped to leave White Hart Lane.
Another man that could leave the club during the transfer window is Luka Modric who, despite Spurs' reluctance to let him go, could be sold if Chelsea or Manchester United offer the right price.
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