Mauricio Pochettino warned Tottenham that a "painful" rebuilding job is required to bring their squad to the same level as the new stadium.

Looking beyond the current campaign, Pochettino reiterated that Spurs must start “a new chapter” and said the club cannot continue to “live like we lived in the last five years”.

Spurs have spent more than £1billion on a training ground and stadium but Pochettino’s net spend on transfers is around £30m since 2014 and it is more than a year since he last signed a player.

He said: “When you talk about Tottenham, everyone says you have an amazing house but you need to put in the furniture.

“If you want to have a lovely house maybe you need better furniture. And it depends on your budget if you are going to spend money. We need to be respectful with teams like Manchester City or Liverpool who spend a lot of money. We are brave, we are clever, we are creative.

“Now it’s about creating another chapter and to have the clear idea of how we are going to build that new project. We need to rebuild. It’s going to be painful.”

Speaking ahead of his side’s clash at Bournemouth on Saturday, Pochettino reiterated his desire to fight for “big trophies”, with his team battling for a place in the Champions League Final as they trail 1-0 to Ajax ahead of Wednesday’s semi-final, second leg in Amsterdam.

But his transfer budget this summer is again expected to be far less than that of Liverpool and the Manchester clubs.

He told the BBC: “We need big trophies. And we need to fight for them. To have the chance to win the Champions League, the Premier League.

“We cannot live like we lived in the last five years — on the perception side and on the reality side. We achieved a lot of things, we overachieved maybe. Because of our ambition and the way that we work, we’re here now in a very good position.

“But what next? I cannot guess because it’s a club decision. What can we expect now? One question the other day was, ‘is the depth of the squad not at the quality of the new stadium?’

“If we start next season talking about that, nothing good is going to happen in the future. The perception and the feeling are not going to be right.”

“Can we repeat [our achievements] next season? I cannot guess. When we finish the season, I think it’s a moment to close a five-year chapter, to analyse, to talk a lot and to give the real value of that period. It was amazing.

“The problem is: what do we want for the next chapter? Now we’ve finished the training ground and the stadium, what does the club want to achieve in the next one, two, three or five years and what are the fans expecting

"There’s many things to talk about and put on the table, and then try to be realistic.”