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With millions being thrown around in the summer transfer window Tottenham Hotspur are the only Premier League club yet to make a move, but don't expect any panic in the corridors of Hotspur Way.

Manchester City and Manchester United have spent sums approaching £140m each, Arsenal more than £50m on Alexandre Lacazette, Chelsea more than £60m on two players and Liverpool £35m on Mohamed Salah, while Everton have been going on a spending spree that shows no sign of abating.

Yet, other than the sight of the Kyle Walker being sold to City for a world record transfer fee for a defender, loan players Nabil Bentaleb, Federico Fazio and Clinton Njie shipped out and a handful of youth players released, Spurs' transfer window has not got started.

football.london understands though that Mauricio Pochettino is more than happy to wait for the right player as others scramble around them, paying enormous sums for players that have barely any Premier League experience, laying out vast sums for potential.

Spurs had their fingers burned by a poor summer in 2016, with moves made early for the likes of Vincent Janssen and Georges-Kevin Nkoudou - although the latter did not get finalised until late on as the player spending much of the transfer window in a nearby hotel. Neither signing impressed and the late move for Moussa Sissoko was a disaster on all accounts.

A loan move for Pau Lopez was more one for the future as the player failed to register a single minute of senior competitive action for the club.

The deal for Victor Wanyama, an already trusted Pochettino player, was the only success of the window.

Yet at the end of the season, Spurs still finished second in the Premier League with the most settled squad in the top flight. Pochettino is fully aware that to improve his first XI is an incredibly tough ask and the Sissoko experiment proved that throwing money at a player and hoping he will quickly take to the high standards of the Argentine is no easy feat.

The Sissoko move was an aberration in the club's transfer policy. Spurs under Pochettino have not splashed out big money on players. They work under the radar or promote starlets from within.

Their biggest current stars bought in under this manager are ones who were snatched for nominal fees while others were splashing their cash elsewhere like Dele Alli, Toby Alderweireld, Eric Dier and Wanyama - now players coveted for the silly money being spoken about.

With the sale of Walker, he was a player who wanted to move on and Pochettino had no objection to letting him go, especially as he rates Kieran Trippier very highly - an England player again signed for a snip from Burnley and once released by Manchester City on a free transfer.

(Image: Daniel Pockett/Getty Images for ICC)

Spurs have been linked with Porto's Ricardo Pereira - who impressed on loan at Nice last season, but football.london understands the club are not actively pursuing the right-back.

While Tottenham are not closed off to the idea of bringing in a new right-back if the right man were to become available, Pochettino is considering the merits of bringing through 20-year-old full-back Kyle Walker-Peters as a back-up for Trippier, with Eric Dier also able to cover at right-back at a push.

Therein lies the problem for Spurs and their transfer hungry fans. There's a fear among the supporters of missing out on big signings while others splurge, but also a desire to see young players brought through and few have a better record and developing young players than the current Tottenham manager.

Bids of £30m for older players such as Sporting Lisbon's Adrien Silva have been reported but are simply agent talk. Spurs do have interest in young attacking midfielders such as Monaco's Thomas Lemar and Everton's Ross Barkley, but they have no plans to move for the France international due to the figures being quoted and will wait until later in the window to see if the Toffees' valuation of their England man alters.

The club just don't have the wage structure currently to compete with their rivals for big names. They expect the new £850m stadium and all its long term income to eventually change that.

For now, the Spurs players have returned in high spirits to Hotspur Way after their summer break and Pochettino is happy with what he sees. The good thing about having a young squad is that by its very nature the players should improve with every season rather than stagnate as they gain more experience at the upper levels, as long as the coaching and their game time is spot on.

Others spent big money last summer but it was Pochettino's settled squad that challenged once again and finished above all of them apart from Chelsea.

Spurs will spend money this summer, but the manager is happy to bide his time. Deals for young prospects are being sought, with talks having taken place with Estudiantes officials in London for 19-year-old central defender Juan Foyth - one very much for the future, while Nice winger Vincent Marcel falls into the same category.

Pochettino is looking to give more game time to current young Spurs starlets such as Harry Winks, Josh Onomah, Cameron Carter-Vickers and Walker-Peters - all academy prospects the manager has high hopes for.

Young academy hotshot Kazaiah Sterling is also expected to be taken on the club's USA tour when they fly out this Wednesday as Pochettino looks to begin integrating him more with the first team.

As others throw around money desperately looking to catch a team that has done the opposite, Pochettino will continue to do things his way at Tottenham and when the right players comes along the club will make their move.

The Argentine is always talking about how learning from mistakes is the most important part of developing. After last summer's transfer woes, he wants to make sure that this year's moves are the right ones to help Spurs' annual progression and this time reach the final and most important rung on the Premier League ladder.