Spurs have made a verbal offer of £40 million to Chelsea for Gallagher, and the Blues have kept communication channels open with their London rivals on Transfer Deadline Day.
Chelsea had asked for roughly £50 million, and this bid is short of that, but both sides still think a deal is possible under the right conditions.
To make any official offers, Tottenham has to sell Pierre-Emile Hojbjerg to Fulham, but the Danish international is hesitant to transfer to Craven Cottage at this time.
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His transfer might set off a domino effect in the midfielder market, with talks between Bayern Munich and Joao Palhinha continuing until the German transfer window closes at 5pm BST.
Bayern is also interested in signing Chalobah and has indicated that they would be willing to let a loan transfer go through if Chelsea made such a request.
There is no cause for alarm regarding his chronic hamstring issues; Chelsea’s final approval of the defender’s return to the Allianz Arena and reunion with former manager Thomas Tuchel is the only thing standing in the way.
On Transfer Deadline Day, Tottenham is pushing Chelsea for a deal including Conor Gallagher (Image: Chelsea FC via Getty Images).
After making his Chelsea debut in Wednesday’s 2-1 victory over AFC Wimbledon, striker Mason Burstow has agreed to a season-long loan transfer to Sunderland.
Swansea will also be loaning defender Bashir Humphreys to them for their Championship season.