Tottenham Hotspur chairman Joe Lewis has allegedly informed chairman Daniel Levy that the club cannot afford to lose Harry Kane on a free transfer.
With the all-time leading goalscorer having not shown any willingness to pen fresh terms, his contract is currently due to expire at the end of 2023-24.
Numerous outlets have reiterated that Levy is prepared to play hardball over the forward's future, despite interest from German giants Bayern Munich.
The Bundesliga champions are already said to have failed with two offers for the England international, a bid in the region of €80m (£68.98m) not enough to tempt Spurs into a sale.
Bayern are reportedly preparing to make a third bid for the 29-year-old, although that proposal is not expected to meet Levy's demands.
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Nevertheless, according to the Daily Mail, Levy has been informed that Kane must be sold if he does not sign a new contract over the coming weeks.
The North London outfit are said to be happy to hand Kane a contract worth £400,000 per week, while the legendary frontman may also be promised a backroom role at the end of his career.
That said, Kane's focus is on securing club silverware as soon as possible, the long-serving Spurs man having failed to lift a trophy during his long-term association.
Up until now, it has been perceived that Kane would spend the next year of his career continuing to spearhead the Spurs attack under newly-appointed head coach Ange Postecoglou.
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There have also been no suggestions that Kane would actively push for a transfer to Bayern if Spurs settled on a decision to retain his services for a further 12 months.
However, the scenario facing both Levy and Kane now appears to have changed, Lewis eager to avoid missing out on a substantial sum for the team's star man when they are not participating in Europe in 2023-24 and are facing stiffer competition for continental places during the upcoming campaign.
Bayern, still searching for a replacement for Robert Lewandowski, will now likely look to reach a compromise with Levy in a bid to wrap up a deal, aware that Spurs would also require an alternative to Kane if he is sold.
The report adds that clubs such as Manchester United, who were frequently linked with Kane earlier this year, are unlikely to return to the negotiating table.
