Good. We have nothing to gain by negotiating with any of the other top six sides in England.
They won't sell us anyone worthwhile and would only want to buy important players from us.
It's not a relationship that we need. Quite the opposite, in fact.
The transfer values of many Spurs players are so high at present that it would be hard for any club to prise a player away. There would be many suitors for Kane or Alli, for example, that if clubs got wind of Spurs proposing to sell one of them to club x for £yM, then they would probably be gazumped by club z offering £yM plus an extra £5M.
So, for all the rumours in the press, clubs aren't looking at Spurs players as realistic transfer targets and are pursuing more realistic options elsewhere - unless there is an inkling that a player might be available, which appears to have been the reported situation with Walker.
But what underpins this position is Spurs results on the pitch. Spurs go into next season as realistic PL title contenders and with a good chance of last 8 or beyond in the CL. If you had a bad season next year and dropped out of the CL places, then it's a different situation.
Meeting players' expectations (winning trophies, wage demands etc) becomes so much more difficult and if a player does look to move, the club is much more likely to have to negotiate about selling players. I think it's obvious Arsenal will have to sell Sanchez, even though they can probably meet his wage demands. The lack of CL football is a key factor. Top drawer players expect to play at the top level, compete to win things and get well paid. Kane, Alli and the like are no longer young players who are progressing. They are already among the PL elite.
If one player agitates for a move, then it becomes more likely that clubs will be encouraged to pursue interest in other players at the club as a result.
Many Spurs players are at the level of those players who win PL and/or CL trophies and command wages in the top band.
How many players of this kind stay at clubs long term if they don't win trophies and pay top wages?
I don't expect any main players to leave Spurs this summer, but the club has to take the next step and win something very soon or in 12 months time, it might be hard for even Levy to resist.