Recent reports suggest that Spurs have emerged as the leading contenders to sign the talented England international, with a formal offer likely on the horizon.
Gallagher, a key player for Chelsea, is in the final year of his contract. With no renewal talks in progress, his exit from Stamford Bridge seems increasingly probable.
Last season, the 24-year-old was pivotal for the Blues, starting 35 Premier League games and frequently captaining the side.
His contributions of five goals and seven assists underscore his significant impact.
Tottenham’s interest in Gallagher dates back to last year, and this summer might finally see the much-anticipated transfer come to fruition.
While the club has already bolstered its midfield with the addition of Archie Gray, securing Gallagher would be a major boost.
Ben Jacobs, on the London is Blue Podcast, discussed Spurs’ robust interest in Gallagher. He pointed out that while Aston Villa and Atletico Madrid have shown interest, they cannot meet Chelsea’s valuation, leaving the Lilywhites as the main contender.
Jacobs mentioned that Tottenham’s valuation of the attacking midfielder remains around £35 million, consistent with last year, whereas Chelsea is seeking a package similar to Mason Mount’s transfer, around £55 million.
The journalist said:
“I think Villa can’t afford Gallagher at the moment even though they made an exploratory approach. Atletico Madrid made an informal offer of about €20m, which is way below Chelsea’s valuation, so there’s nothing doing there.
“That really only leaves Spurs at the moment, and even with Archie Gray joining Tottenham they’ll still be in the mix for Conor Gallagher. Their valuation is the same as it was 12 months ago, somewhere around £35m, whereas Chelsea are saying Gallagher should go for a similar price to Mason Mount, a £55m package.
“We wait and see if something gives. £40-45m might do it, but Chelsea are bullish at the moment.
“Right now the situation is as it has been for months. Nothing advanced with a new Gallagher deal, Chelsea want £50-55m, Tottenham are likely to bid.”
Acquiring Gallagher would not only enhance Spurs’ midfield options but also strike a strategic blow to their London rivals. This move would demonstrate the club’s ambition to strengthen their squad and compete at the highest level.