Roberto De Zerbi’s side are certainly having a busy summer transfer window, with Jan Paul van Hecke, Marcos Senesi, and an £85 million deal for Mateus Fernandes in place.
Now, per The Athletic, Tottenham have agreed a club record deal to sign Newcastle midfielder Sandro Tonali.
Tottenham will pay an initial £92.5m for the Italy international with an additional £7.5m in proposed add-ons based on multiple Champions League qualifications.
Tonali has been a key player for Newcastle since joining from AC Milan, making 53 appearances across all competitions last season, scoring three goals.
A 12th-placed Premier League finish for Eddie Howe’s side means they will be forced to sell players in order to adhere to PSR.
Wednesday's reports will see Tonali sign for Spurs and complete their midfield revamp after they agreed to bring Mateus Fernandes across London from West Ham on Tuesday.
The two big-money moves signal a huge shift in strategy from Spurs after they operated a tight wage structure under former chairman Daniel Levy.
The Lewis family, Tottenham's majority owners, promised to fund a rebuild after inviting Levy to step down in September.
They are making good on those words after De Zerbi helped them avoid relegation on the final day of last season following a chaotic campaign.
Tonali's career was halted by a 10-month worldwide ban for gambling on football.
The Italian Football Federation (FIGC) punished Tonali in October 2023 for breaching the rule which prohibits players placing bets on football events organised by itself, Europe's UEFA and global governing body FIFA during his time in Italy.
The Italy midfielder joined Newcastle from AC Milan in July 2023 for £55 million and his ban came after he had played 12 games for the Magpies.
In May 2024, Tonali was given a suspended two-month ban after admitting to breaches of the English Football Association's betting rules.