Tottenham’s approach came as head coach Roberto De Zerbi looks to reshape a squad that finished one place above the Premier League relegation zone. The bid has not been accepted, and Newcastle’s response indicates that a sale would require a significantly improved offer.
Tonali’s position is therefore clear: he remains a Newcastle player, while talks and interest are ongoing rather than at an advanced or completed stage. The reported £80m valuation is the key market signal, setting a high threshold for any potential move.
Competition could push that figure higher. Arsenal and Manchester City have also been linked with the 26-year-old, although there is no indication that either club has made a formal offer.
Newcastle’s stance reflects the importance of Tonali during a period of squad uncertainty. Eddie Howe’s side reached the Champions League in 2024-25 and ended a 70-year wait for a major trophy, but their subsequent drop into the bottom half and four-point gap to European qualification have increased pressure for change.
The club have already sanctioned Anthony Gordon’s reported move to Barcelona, while Alexander Isak left for Liverpool a year ago for a major fee. A Tonali sale would create further financial room, but it would also remove an established midfield option as Newcastle attempt to improve their league position.
The wider reset may include Nick Woltemade. Another report says Newcastle could consider offers of £56m for the striker after he scored eight goals in 33 Premier League appearances during his first season.
Tottenham must decide whether to raise their offer, while Arsenal and Manchester City could test Newcastle’s resolve. For now, the club’s rejection of the initial bid suggests Tonali will only leave if the market moves well beyond £80m.