While Spanish clubs Atletico Madrid and Barcelona have previously shown interest, Manchester United remains the front-runner to complete the signing swiftly as part of their preseason planning.
Defensive reorganization is already underway at Tottenham, with the club exploring European markets for solutions as Romero's high-profile departure gathers momentum.
Speaking on the defensive transition, Bailey provided context regarding the North London club's willingness to negotiate.
"Intermediaries have already begun exploring solutions and gauging interest across Europe as the possibility of a high-profile departure gathers momentum," Bailey revealed.
The transfer fee represents Romero's established quality in the Premier League despite his disciplinary record of 40 yellow cards and four red cards during his top-flight career.
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The acquisition would secure Manchester United an aggressive, commanding presence to reinforce their squad ahead of the upcoming European campaign.
