Daniel Levy has warned that Tottenham will not be prepared to let Harry Kane leave for less than the asking price.
Chelsea have been linked with the England captain after he indicated that he wants to leave Spurs this summer in order to win major honours and play Champions League football.
Manchester City and Manchester United have also been linked with Kane, but Tottenham chairman Levy is known as a tough negotiator and has insisted he will stand firm.
He told Spurs’ website: “I am never going to talk about any specific player in public. All I will say is his frustrations in not winning are shared by me and all the fans and players. We all want to win.”
Levy was speaking as the appointment of new director of football Fabio Paratici was confirmed.
Levy said: “One of the items that Fabio will have to deal with when he comes in is which players are going to be retained, which will be asked to look for other clubs.
“There is a market out there. What we want and what other clubs want is not always possible to achieve. We will do whatever is right for the club.”
Paratici said: “I am thrilled by this fantastic opportunity and I thank the club and the chairman for the trust in me.
“Tottenham is one of the top clubs in the UK and in Europe with an ambitious long-term plan.
“I will dedicate all myself to this new venture and look forward to working with the management team to write a new and hopefully successful chapter in the club history.”