The Spurs boss had been hoping to land the Welsh International as he attempts to bolster his squad for the Champions League this season.
“He’s never going to come here on loan,” admitted Redknapp in the Daily Star Sunday.
“He’ll go somewhere and I would think Fulham are favourites now.
“If we want him, we will have to put up the money to sign him.”
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The reputation of the Premier League means it is the most popular and one of the most watched leagues in the world.
Five English clubs will compete in the last sixteen of the Champions League for the first time ever as Liverpool, Manchester United, Manchester City, Chelsea and Tottenham face some difficult away matches.