According to The Mirror (via Fox Sports), Conor Gallagher is now valued at a whopping £60m, and while Chelsea are still willing to sell the player this window, it's now extremely unlikely they'll get an offer from Spurs.
Tottenham are currently in the process of finalizing deals for Timo Werner and, presumably, Radu Dragusin. They may also be looking to do some work in the wide areas of the pitch with previous links to Roony Bardghji and other attacking players. Loic Bade has also been added to the transfer conversation in recent days.
Given the number of players Spurs are looking to pick up and the relatively minimal, if any, outgoings scheduled for this month, the budget for a player of Gallagher's price tag is simply not there.
Gallagher has been in the Tottenham transfer conversation for months, but now it seems the club will have to look elsewhere in order to reinforce the central area of the pitch.
Spurs have recently received a massive boost to their midfield with the return of Rodrigo Bentancur from his second major injury this past year. Giovani Lo Celso has also been quite productive in his appearnaces this campaign despite his irregular playing time at the start of the season.
However, Ange will be without starters Yves Bissouma and Pape Sarr this month given their international obnligations at AFCON, and a boost to the midfield could be helpful.
James Maddison is scheduled to return to the squad some time within the next month, which will be a massive relief to the team and supporters alike. In the meantime, the club will likely look to conduct further business this transfer window in order to bolster a midfield that has been especially prone to injury this campaign.