Tottenham chairman Daniel Levy is reportedly holding out for $127m for Harry Kane despite the England captain having less than 12 months on his contract.

The 30-year-old wants to leave Spurs this summer in his ongoing pursuit of major honors after his 30 league goals last season only helped propel Tottenham to eighth in the Premier League final standings.

Is Harry Kane set for Spurs exit this summer?

Therefore, Kane will not be competing in Europe at all next season if he stays in North London beyond September 1.

According to Sky Sports’ James Savundra, Bayern are still set to be $17m short in their next bid for Kane and want to tempt Daniel Levy into lowering his price for a player who realistically has only five years left at the top of his game.

If Spurs do sell this summer, they will also insist on a buy-back clause in the England record goalscorer’s contract at the Bavarians.