Mauricio Pochettino has conceded that his club are unable to compete with the Premier League big-spenders when it comes to the transfer market this summer.
In a report by the Telegraph, he also warned that the carrot of playing in the Champions League will not be enough to tempt players to the club, if they are offered double the wages elsewhere.
Champions Chelsea, along with Manchester City and Manchester United are all preparing to spend around £200m each this summer on new acquisitions, while Spurs' construction of their new £800m stadium enables them to only spend around half of the money of their rivals.
Tottenham manager Mauricio Pochettino has already compiled a list of targets to bring to Spurs this summer, however, he admits the futility in trying to compete with Chelsea, United and City for the very top players.
When asked whether the disparity in budgets and spending power has resulted in a more varied list of targets for Spurs compared to their high spending counterparts, the Argentine replied: "Yes, of course.
"You know better than me how it is. It’s so difficult. People talk about if Tottenham are in the Champions League they are more attractive, but then it's about if you pay them. For top players, if some clubs are paying double salary, how are you going to convince them? I cannot cheat you, that is the reality.”
Spurs' current targets are reported to include Wilfried Zaha and Ross Barkley. However, with Zaha close to signing a few deal worth £120k-a-week by Crystal Palace, and Ross Barkley being valued at £50m by Everton, finances look to remain a thorn in the side of Tottenham this summer.
Other targets for the North London club include Ajax duo Davy Klaassen and Joel Veltman, along with Hull City's Harry Maguire and Sampdoria's young Czech striker Patrik Schick.
“We have our targets and we will see if we can achieve them like every season,” said Pochettino. “We will see what happens. I don't think it's a big advantage to have qualified for the Champions League already.
“It's true when you are in a position where you are not having to play in the Champions League play-offs, it’s better as you have an idea where you need to start. But I don’t think it affects the targets or challenge and whether you achieve it.”
Although funds remain an issue this summer for Spurs, their manager did also bring good news when he confirmed he would be in charge next season despite interest from Inter Milan and Paris-Saint-Germain.
“There is no buyout clause in my contract,” said Pochettino. “I want to stay here next season. I am committed to Tottenham and I have no reason to leave. I will be here on the first day of pre-season training. Don’t worry, you will see.”