Tottenham had been hoping to negotiate a deal for Soldado with Andre Villas-Boas confirming that Spurs were interested in the Spanish international as they look to improve their strike force ahead of the new season.

Tottenham's technical director Franco Baldini travelled to Spain on Monday to try and thrash out a deal for Soldado, but no agreement has been struck as Valencia refuse to budge on their valuation of the player.

Valencia president Amadeo Salvo said: "Soldado can go if he wants - for €30m (£26m) and under our conditions.

"Valencia never had any intention of selling Soldado. If he goes then it is because the €30m (£26m) figure has been met, not a cent less or a cent more.

"The buying club will also have to accept Valencia's conditions of payment also."

Salvo confirmed that the deal was far from dead however, and that further talks with Tottenham are planned.