Mauricio Pochettino ended last season seemingly hopeful of retaining the bulk of his squad but also keen to bring in some new box office players to light up the club's new stadium.
Pochettino has labelled the club "brave" for their stance, stating his satisfaction at securing new deals for players including Harry Kane and Hueng-min Son. Of course maybe in the mind of everyone they will say, "Oh Tottenham didn't sign", but to sign for the sake of signing?
What the club is doing, is showing, it is so fearless. I think the club is doing an wonderful effort to try to finish the stadium as soon as possible, and the lodge is finished at the training ground. Building a stadium that costs almost £1billion - that's is the truth, don't believe when they say £400million.
"That is true, don't believe in £400m, that (£1bn) is the truth!"
The Tottenham boss says that the financial constraints of redeveloping the training facilities and seeing the cost of building the new stadium rise to £1 billion due to Brexit were key factors in their decision not to buy this summer.
"I don't feel the panic in football".
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"For me [that] is to be courageous". They are Tottenham players and always they were in my plans.
"Our decision was not to sign, [even though] it is the fashion to sign or because we are the only club in Europe that has not signed players".
Pochettino added: "I am happy to keep all the squad together, there were many rumours during the summer about players out. It's a fearless decision".
Sources told ESPN FC that Grealish is open to the idea of a move to Tottenham as he wants to play in the Premier League and the Champions League.
But strong performances in Russian Federation weren't a necessity when it came to Premier League clubs deciding whether to spend the fruits of soccer's biggest television contracts.
The 46-year-old is refusing to panic about the lack of arrivals and insists he is happy with the direction the club is heading in. You need to be clever in how you settle your principles, your strategy and to try to win.
Earlier in the day, Pochettino said: "At the moment we haven't received for any player". If we have all the squad thinking as individuals rather than as a collective game, you can not achieve what you want and can not succeed.