Tottenham are no longer in line to receive a multi-million fee from a January exit.
Spurs face a tricky run until the end of the season and are looking to strengthen their side in the current transfer window.
However, in order to sign new players, it is important that they raise money through player exits as well.
Fill in the blank: After Robertson, Tottenham must target _________
Which position do Tottenham still need in January?
Alejo Veliz makes decision on £7.4m transfer
Tottenham had reached an agreement with Bahia over the January departure of Alejo Veliz.
It had been claimed that the Brazilian club would pay Spurs £8.6m for the 22-year-old striker.
This would mean that his current loan at Rosario Central would be terminated, paving the way for him to move to Bahia.
Veliz’s contract runs until June 2029
What should Spurs do with him? 🤔
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However, there has been a twist in the situation, and that move no longer appears to be on the cards.
According to reliable Spurs insider Lilywhite Rose, the Argentine opposed the move, which was proposed to be north of £7.4m.
Tottenham were in talks with a Brazilian investment group to broker the deal, but the move is no longer happening.
Rosario did not want to enter into negotiations over compensation, and they want to keep the forward at the club until the end of June.
The Lilywhites have thus begun talks over a permanent sale, with the impression that he will be arriving at Bahia at the end of the season.
What does the future hold for Veliz at Tottenham?
While Spurs would have wanted to take another look at the end of the season, this twist may have scuppered those plans.
It now looks like the 22-year-old will spend the rest of the season at Rosario and then move to Bahia.
However, if he cannot be convinced to join the Brazilian club, depending on who the manager is, he may still have a future in North London.
His contract at Spurs expires in June 2029, so he still has three full seasons left if the club decide to retain him beyond the summer.
The decision to sell him or keep him will solely depend on how much they can get from his sale and whether or not he is open to moving.