Tottenham Eye £125m Move for Morgan Gibbs-White

Tottenham Hotspur are reportedly considering another move for Nottingham Forest midfielder Morgan Gibbs-White, with a possible £125 million January deal being discussed.

The England international was already close to joining Spurs in 2025, but that transfer collapsed after a complicated dispute between the two clubs. More than a year later, Tottenham's interest has reportedly remained, putting Gibbs-White back on the transfer radar ahead of the January window.

However, it is important to stress that this is currently a transfer report, not a confirmed Tottenham bid. The £125 million figure is being reported as the player's current valuation rather than a confirmed offer from Spurs.

Tottenham's Interest in Gibbs-White Is Nothing New

Tottenham's interest in Gibbs-White dates back to the summer of 2025.

At the time, Spurs were reported to be ready to trigger a £60 million release clause in the midfielder's Nottingham Forest contract. BBC Sport reported that Gibbs-White was expected to undergo a medical ahead of a potential move to north London.

The situation then became complicated.

Forest considered legal action over Tottenham's approach, with the club looking into whether a confidentiality agreement connected to the release clause had been breached. Forest also maintained that Tottenham had not received permission to speak to Gibbs-White.

The proposed transfer eventually collapsed.

Instead of leaving the City Ground, Gibbs-White signed a new three-year contract with Forest in July 2025. The club described the agreement as a record deal for the midfielder.

That decision could now make any future Tottenham approach considerably more expensive.

Why Are Spurs Still Interested?

Gibbs-White has continued to establish himself as an important attacking player for Forest.

Football Insider reports that he scored 15 Premier League goals in the 2025/26 season and has scored 13 Premier League goals during the 2026 calendar year, making him one of the division's most productive attacking midfielders during that period.

His ability to play as a No. 10 or in an advanced midfield role is also part of his appeal.

Gibbs-White can contribute goals, create chances and link midfield with the attack. Those qualities make him an attractive option for a Tottenham side looking for more creativity.

What Could Gibbs-White Add to Tottenham?

From a footballing perspective, Gibbs-White would give Tottenham another player capable of operating between midfield and attack.

He can receive the ball in advanced areas, carry possession forward and create opportunities for teammates.

His Premier League experience would also be valuable.

When Tottenham first tried to sign him in 2025, BBC Sport reported that Gibbs-White had produced seven goals and eight assists in 34 Premier League appearances during the previous campaign.

His development since then has strengthened his reputation.

For Tottenham, the attraction would therefore be more than simply adding another midfielder. They would be looking at a player who has already demonstrated his ability to influence Premier League matches.

The £125m Price Would Change the Conversation

The biggest talking point is the reported £125 million valuation.

That is more than double the £60 million release clause that was central to Tottenham's failed pursuit in 2025.

The circumstances have changed since then.

Gibbs-White signed a new contract with Forest, and the club has made it clear through its actions that he is an important part of its plans.

Football Insider reports that Forest are in a stronger financial position following the sale of Elliot Anderson to Manchester City and therefore have little immediate reason to sell Gibbs-White.

That could make negotiations difficult if Tottenham decide to make their interest formal.

Forest Have Little Reason to Rush a Sale

Gibbs-White remains under contract at the City Ground until 2028.

Forest also know how important he is to the team.

The midfielder made 118 appearances for the club before signing his new contract, contributing 18 goals and 28 assists during his first three seasons there.

His more recent scoring record has only increased his importance.

As a result, Forest are in a position where they do not necessarily need to sell simply because another Premier League club shows interest.

If Tottenham do make an approach, Forest would have to decide whether the financial package and sporting circumstances justify allowing one of their key players to leave.

The De Zerbi Factor

Tottenham's current situation also provides context for the renewed interest.

Roberto De Zerbi's side have experienced a difficult start to the 2026/27 campaign, and Football Insider reports that the club could explore further additions if their problems continue.

Gibbs-White's creativity could therefore be viewed as one potential way of giving the team another attacking option.

But a new signing alone would not automatically solve Tottenham's wider problems.

The club would need to determine how Gibbs-White fits into De Zerbi's system and whether his arrival would complement the players already in the squad.

Tottenham Already Know How Complicated This Transfer Can Become

The history between Spurs and Forest makes this potential move particularly interesting.

The 2025 saga became one of the most talked-about transfer stories of that summer after Forest considered legal action over Tottenham's pursuit. Gibbs-White ultimately stayed and committed his future to Forest with a new contract.

A new approach would therefore be taking place under very different circumstances.

Tottenham would not simply be trying to activate the old £60 million clause. They would be dealing with a player who has since signed a new contract and become even more important to Forest.

Is the £125m Transfer Actually Happening?

For now, there is no confirmed £125 million Tottenham bid.

The BBC's Monday gossip column reported that Tottenham are targeting a possible £125 million January move, citing Football Insider.

Football Insider itself reports that Spurs retain an interest and could attempt to sign Gibbs-White in an upcoming transfer window.

That means the story should currently be treated as transfer speculation, rather than an agreement between Tottenham and Forest.

A lot can change before the January window opens.

What Happens Next?

The coming months will determine whether Tottenham's interest develops into something more concrete.

Forest will want to keep one of their most important players, while Tottenham will have to decide whether Gibbs-White is worth the reported £125 million valuation.

The previous attempt to sign him ended without a transfer.

This time, Spurs would be dealing with a different contract, a different price and a player whose importance to Forest has grown.

For now, the key development is that Tottenham's interest in Morgan Gibbs-White has reportedly returned, with a possible £125 million January move being discussed.

But until a formal bid is made or either club confirms negotiations, it remains a transfer story to watch rather than a deal that is close to completion.