Mauricio Pochettino could be handed a huge transfer kitty after signing a new five-year contract to remain at Tottenham, according to reports.

The Argentinian boss has guided Spurs into the Champions League for a third consecutive season after they finished third in the Premier League.

Pochettino’s work developing his squad, especially the youngsters, has attracted the attention of big clubs around Europe with Real Madrid reportedly keen on the Spurs boss.

The Times claims that Pochettino’s new deal at Tottenham will not contain a release clause, so that the north London side will be in a strong position to beat off interest from clubs such as Real Madrid – who will be looking for a new manager.

With the anticipated sales of Toby Alderweireld and Danny Rose, the boss will reportedly be given a transfer budget in the region of £150million.

The new White Hart Lane stadium will be ready for next season and Pochettino has assurances from the club that no players will be ‘sold against his will’.

His new weekly wage of £165,000-a-week will make him Tottenham’s highest-paid employee, according to The Times, but it will be a small price to pay if it persuades some of Spurs’ star players to stay.

Following Pochettino’s new contract, the likes of Harry Kane, Dele Alli, Jan Vertonghen, Hugo Lloris and Christian Eriksen could all be looking to negotiate improved deals this summer.