Tottenham Hotspur are preparing a €80 million offer for Rodrygo, with the proposal expected to arrive closer to June 2026, as the north London club look to take advantage of the Brazilian's growing dissatisfaction at Real Madrid.
Rodrygo, who has seen his minutes drop significantly under Xabi Alonso, is understood to be considering a move as early as the January window, frustrated by his reduced role despite being one of Madrid's most high-profile attackers.
Spurs, meanwhile, view him as a transformative signing for their long-term project.
Real, however, are not planning to sell in January. But if the player pushes for clarity regarding his role, summer discussions could open the door to negotiations.
Tottenham's interest comes amid their strategy to add a high-impact attacker to their squad, with the Premier League side confident that an €80m bid could test Madrid's resolve, especially if the right winger continues to express frustration.