Tottenham will hand Mauricio Pochettino a £60million summer transfer budget after the Argentine signed his bumper new contract.

The Spurs manager’s new five-year deal, worth £27.5m, was confirmed by the club on Thursday.

With the construction of a £400m new stadium on the horizon, managing the club’s finances could become a delicate balancing act in the coming seasons.

Tottenham will give Mauricio Pochettino £60million to spend in the transfer window this summer

The Argentinian poses with his coaching staff after signing a new long-term deal at White Hart Lane

Nevertheless, chairman Daniel Levy is ready to hand his manager significant funds this summer to try to turn Pochettino’s young team into Premier League winners.

Pochettino, who is targeting energetic players under 27, will prioritise a new striker to compete with first choice Harry Kane. Marseille striker Michy Batshuayi, 22, is a prime target.

West Ham are also interested in him but Tottenham’s Champions League status makes them more appealing.

Marseille striker Michy Batshuayi, 22, is a prime target as Spurs look for striker options this summer

Pochettino also wants a versatile winger. Mainz’s Turkish £10m-rated attacking midfielder Yunus Malli, 24, is on the manager’s list.

Ryan Mason, who is a target for Bournemouth, Nabil Bentaleb and Nacer Chadli could all leave.

In confirming his deal, Pochettino said: 'It was an easy decision for my coaching staff and me to stay because we feel the appreciation of everyone here — there is no better place to be right now.'