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Tottenham boss Andre Villas-Boas will replace Luka Modric with Spain midfielder Santi Cazorla if Porto continue to play hard-ball over Joao Moutinho.

Spurs will let Modric go to Real Madrid but Villas-Boas and chairman Daniel Levy have made it clear to the Bernabeu outfit they will not

But while the new Spurs chief had targeted schemer Moutinho from his former club, Porto's own hard-bargaining has seen Tottenham look elsewhere.

And the White Hart Lane outfit are ready to take advantage of the financial turmoil enmeshing big-spending Malaga to pick up Cazorla for a knock-down price.

Cazorla, 27, joined Malaga from Villarreal for £18m last summer, scoring nine La Liga goals from midfield, although he was just a bit-part player in Spain's Euro 2012 triumph.

But promises over wages and bonuses have not materialised and Cazorla now wants to quit, giving Spurs the chance to land him for as little as £15m - half Porto's asking price for Moutinho.

Levy is not scared of the game of transfer bluff although Tottenham were interested in Cazorla a year ago before he moved to Malaga and their interest is genuine.

While Moutinho remains the prime target, Levy will not be held to ransom by Porto President Pinto Da Costa, and unless the Portuguese side give ground soon, Tottenham are ready to pull out of negotiations and turn their sights on the Spaniard.

Modric, meanwhile, will be expected to board Tottenham's flight to Los Angeles on Saturday unless Real come up with a serious offer.

Paris St Germain have registered their interest and will meet Spurs' asking price and unless Madrid can match then he will not move to the Spanish giants despite having made it clear he wants to swap one white shirt for another.

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