According to Spanish news outlet Estadio Deportivo, Spurs have bid £35.6million but could be blown out of the water by their Premier League rivals, who are willing to go as high as £66.8million to sign the 23-year-old.
It is understood that Man United are very interested in Lo Celso as a potential replacement for Real Madrid-linked Paul Pogba and negotiations over the Argentina international could accelerate in the coming days.
If Spurs miss out on Lo Celso then the finger has to be pointed at Levy.
Tottenham’s chairman is famous for his hardball negotiating, but his low bid for Lo Celso is ridiculous and could see him miss out on the former Paris Saint-Germain this summer.
United’s potential offer is almost double what Spurs have put on the table and if the Red Devils do stump up that much, is Levy going to respond with an equal bid of his own? Probably not, he’ll probably offer the same fee but throw in Josh Onomah as well.
Lo Celso would be such a good signing for Spurs, so it would be a huge mistake if they were to miss out on him to one of their top-six rivals.
The central midfielder scored 16 goals and supplied six assists in 46 appearances across all competitions for Real Betis last term and could be a solid replacement for wantaway Christian Eriksen, if the Dane does eventually leave North London.
Levy needs to return to the table with a fair offer for Lo Celso before Man United move to wrap up the deal.
The Old Trafford side are desperate to improve their squad this summer and could end up spending stupid amounts on players if they are not kept in check by teams like Tottenham, who should have the money to pull off solid transfers like this.