Daniel Levy is ready to begin search for replacement

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Redknapp, who was today found not guilty of two counts of cheating the public revenue, has 18 months left on his current contract.

There have been informal talks between Levy and Redknapp's representatives to discuss the future.

Spurs could yet agree a new contract with their manager, who led them to the Champions League for the first time in their history in 2010, and is well placed to do so once more this season.

Redknapp might still be released to the Football Association under such circumstances but Spurs would be in a far stronger bargaining position if Redknapp still had a significant amount of time left on his contract.

And after Redknapp? Carlo Ancelotti was Tottenham's first choice for a long time but that avenue is now closed after the former Chelsea manager decided to move to Paris St-Germain.

Should Spurs reach the Champions League this season, it is likely that Levy would seek a manager with experience in that competition.

Everton boss David Moyes is probably the best domestic candidate for the role but his lack of experience in major European football might count against him.

The same would apply to young coaches Paul Lambert, Brendan Rodgers and Gus Poyet.

Before Redknapp, Levy's preference had been for foreign coaches and it is to this route that he might return as he seeks regular Champions League football.

Louis van Gaal led Ajax to the Champions League title in 1995 and also has experience of the competition through his management of Barcelona and Bayern Munich.

Another Dutchman, Frank Rijkaard, would also fit that bill. He led Barcelona to Europe's most prestigious title in 2006 and is currently in charge of the Saudi Arabian national team.

Former Chelsea manager Jose Mourinho, now at Real Madrid, has been successful wherever he has worked and wants to return to England. But would he be willing to accept the tight control on players' wages that Levy has imposed?

One thing is certain. To emulate Redknapp's work will be a hard task, whatever the pedigree of his successor.