Harry Redknapp is in talks with Tottenham over a compensation package as he prepares to leave the White Hart Lane club, Press Association Sport understands.

Redknapp and his agent Paul Stretford have been in negotiations about his future with Spurs chairman Daniel Levy on Wednesday.

It is understood the two parties are close to agreeing on a package that will see Redknapp’s three-and-a-half-year tenure end.

The 65-year-old has 12 months left on his contract and is understood to have been unhappy with Levy’s failure to offer him a new three-year deal.