Ange Postecoglou could see his transfer budget rise by up to £52m after the latest from behind the scenes at Tottenham.
It is likely to be a summer of transition for Spurs, who started the season brightly in 2024-25 before falling away in the race to qualify for the Champions League.
Some reports suggest that as many as 12 first-team players could now be shown the exit door as Postecoglou looks to mould the squad to his specifications.
And the clear-out has officially started today.
Ivan Perisic, Eric Dier, Ryan Sessegnon and Japhet Tanganga exit Spurs
Tottenham have announced that Ivan Perisic, Eric Dier, Ryan Sessegnon and Japhet Tanganga will all depart the club at the end of the month.
Dier and Perisic will make their respective loan moves to Bayern Munich and Hadjuk Split permanent.
Tanganga and Sessegnon meanwhile will leave North London at the end of their contracts.
According to the data in a report by The Sun last year, Perisic is the biggest earner of the quartet, banking £9.27m per year.
Dier is further down the scale at £3.755m, as are Sessegnon and Tanganga at £3m and £1.2m respectively.
Their cumulative total salaries therefore are £17.225m. When extrapolated over the course of a three-year PSR assessment window, that equates to a saving of nearly £52m.
That’s all cash that can be added to the manager’s transfer budget under the terms of PSR.
PSR: Tottenham one of Premier League’s strongest teams
In terms of the Premier League’sProfit and Sustainability Rules (PSR), there aren’t many – if any – clubs in a more favourable position than Spurs.
The system, which used to be known as FFP or financial fair play, limits clubs from losing more than £105m over a three-year period.
On face value, Spurs are well over the threshold with combined losses of £224m since 2020-21.
But the annual deprecation charge of £72m for their stadium construction almost completely offsets that figure.
And by the time other add-backs are factored in, the data shows Spurs have significant headroom to spend on recruitment and retention.
Even under the new financial anchoring and squad cost control ratio system set to be introduced this summer, Spurs have plenty of room for manoeuvre.
And the departures of Dire, Perisic, Sessegnon and Tanganga will only widen the margin.