Speaking live on Sky Sports (via Football Daily), reporter Paul Gilmour has shared what he has been told about Paulo Fonseca and Tottenham Hotspur after the club pulled out of manager talks.

The Lowdown: Spurs still eyeing new manager...

It's now been two months since former boss Jose Mourinho was sacked by Tottenham Hotspur in what has been a whirlwind chase for new management.

Tottenham have been linked to a host of different managers and, at one point, attempted to bring former boss and current Paris-Saint Germain coach Mauricio Pochettino back to north London (BBC).

After PSG dug their heels in, Spurs turned to ex-Chelsea gaffer Antonio Conte only for those conversations to eventually cease (BBC).

The Latest: Sky Sports reporter shares Fonseca update...

Spurs also looked very likely to appoint Fonseca as their new boss, but in another sensational twist, they decided to pull out of negotiations.

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Speculation mounted as to why this was the case, with some believing it was due to financial complications, but Gilmour has now come out with 'verified' information on the story.

"We have had that information verified, the information coming from our colleagues in Italy, that indeed those talks with Fonseca have indeed broken down," he explained on Sky (via Football Daily).

"We're told it is a decision that Tottenham themselves have taken and we are also told that it is not to do with anything financial in those negotiations."

The Verdict: Crazy...

Despite arguably not exciting to many supporters as the likes of Conte or Pochettino, Fonseca still had his merits - like style of play and willingness to promote youngsters for instance (Evening Standard).

Time is running out for Spurs to appoint a new boss in good time for the 2021/2022 season and we believe the decision to pull out of yet more advanced discussions comes as truly crazy if it was not due to a financial disagreement - why did discussions get that far if the club weren't even convinced he was their man?

Lilywhites will be hoping that chairman Daniel Levy, and new managing director Fabio Paratici, have a managerial ace up their sleeve in what is fast becoming a summer of chaos in north London.

In other news: "Now all parties confident"...Fabrizio Romano makes exciting Tottenham claim, find out more here.