Tottenham Hotspur has agreed to sign Italian midfielder Sandro Tonali from Newcastle United in a deal worth up to £100 million ($133 million). It is the biggest transfer in Spurs’ history, and it wasn’t cheap the first time they tried.
The club had an initial offer of £75 million rejected roughly two weeks before the agreement was finalized on or around July 1, 2026. Newcastle wanted close to £100 million, and Tottenham eventually met that valuation, paying what amounts to a 33% premium over their opening bid.
How the deal breaks down
The structure splits into £92.5 million guaranteed upfront and £7.5 million in performance-based add-ons. Those add-ons are tied to Tottenham qualifying for the Champions League, which means Newcastle essentially built in a bet on Spurs’ future competitiveness.
For Tonali, now 26, this represents his second major Premier League move. He joined Newcastle from AC Milan and quickly established himself as one of the league’s most technically gifted central midfielders when he was actually available to play.
