Tottenham manager Harry Redknapp will be offered a new four-year deal and a £50 million transfer budget by Spurs as they look to fend off any approach from the FA, according to reports.
Redknapp remains favourite to take over the England job and has also be linked with the Chelsea post, although he stated he has no desire to take over at Stamford Bridge. However, he is thought to be seriously considering England, and Tottenham chairman Daniel Levy has sought to end the uncertainty by urging Redknapp to commit to Spurs long-term.
According to the Evening Standard, Tottenham have become frustrated with the current impasse, as the FA are yet to officially approach the club to talk to Redknapp. Levy has decided to move first and has pledged to provide the 65-year-old manager with a massive transfer kitty to strengthen the Spurs squad for Champions League football next season.
Possible summer transfer targets for the north London club would include Belgian winger Eden Hazard and French international striker Loic Remy. Both targets currently play in French Ligue 1, and were Spurs to buy the pair, the majority of the £50 million budget would most likely be taken up.
Tottenham remain third in the Premier League and in a strong position to finish in a Champions League spot, but results in recent weeks have been poor. The FA has said it is reluctant to disrupt clubs mid-season by approaching managers under contract, but Levy may be attempting to force the FA's hand.
Harry Redknapp's current contract expires at the end of next season, and were he to sign a new four-year deal it would all but rule him out of taking the England job.