Tottenham must sell stars to sign new players with Cristian Romero, Richarlison and Yves Bissouma on the chopping block after dismal season under Ange Postecoglou

Spurs are in a position to splash £200 million ($267m) on new signings without breaching Profit and Sustainability Rules (PSR), The Telegraph reports, but the likes of Cristian Romero, Richarlison and Yves Bissouma may have to be sold to generate funds.

The north London side spent heavily last summer as they bought Dominic Solanke in a club record deal alongside Archie Gray and Wilson Odobert. Their last set of accounts showed their net transfer debt to be almost £280m ($373m), leaving them in a precarious situation as they plan to strengthen the squad in the transfer window.

Chairman Daniel Levy said when the figures were released: "We cannot spend what we do not have, and we will not compromise the financial stability of this club – indeed, our off-pitch revenues have significantly supplemented the lower football revenues this year, testament to our diversified income strategy."

Argentine centre-back Romero is in talks over a move to Atletico Madrid after suggesting he is open to leaving the Premier League club. Richarlison has struggled with injury for much of the season and was the subject of a bid from Flamengo in January, while Bissouma has been linked with a switch to Aston Villa.

Ange Postecoglou's team have endured a woeful domestic season, but they could still qualify for the Champions League by winning the Europa League. They face Athletic Club in the first leg of the semi-final tie on Thursday and success in the competition would boost Postecoglou's hopes of avoiding the sack.