Tottenham are facing relegation from the Premier League with just four games left to play but are planning their summer around survival.
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According to Spanish outlet Fichajes, Spurs have made a €25 million offer to Real Madrid for winger Diaz.
The 26-year-old has largely been a squad player for Real Madrid, with just nine of his La Liga games coming from the first whistle.
It’s understood that the Spanish giants are open to selling Diaz this summer as they seek to raise funds for their own transfer ambitions.