West Ham have turned down an initial offer from Tottenham for striker Craig Bellamy.
Spurs manager Harry Redknapp revealed on Christmas Day that the Hammers had rejected a bid for the Wales international, reported to be worth around £6million.
"I like Craig Bellamy," Redknapp told Sky Sports News as his side trained in preparation for Friday's home game with Fulham. "It apparently came out an offer was turned down so I don't know where we go from here."
He added: "We're looking round a few players and he's certainly one of them."
Bellamy cost West Ham £7.5million from Liverpool in July 2007 and the Hammers will be keen to recoup as much of that fee as possible amid continuing speculation over the state of the club's finances.
Redknapp believes clubs will want to cut their wage bills when the transfer window opens, raising hopes of bringing players to White Hart Lane on loan.
And although he wants to strengthen his squad, Redknapp insists Spurs will not pay over the odds for players.
"I think British clubs will loan players out, with the current situation they will look to get players off their wage bill," Redknapp said.
"If we can't get the players I think will improve the squad, then I won't bring in anybody. I'm not going to load us up with players that aren't better than we've got."
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