Holtby is already joining the Londoners this summer, but after Sandro was ruled out for the rest of the season they are keen to sign the player in this transfer window.
“Tottenham made an offer, which was not acceptable and we have therefore rejected it”, Schalke sporting director Horst Heldt told German daily Bild.
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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.