Lyon goalkeeper Hugo Lloris is likely to remain with the Ligue 1 club rather than move to Tottenham, according to Bernard Lacombe.
Lacombe, who serves as special advisor to Lyon president Jean-Michel Aulas, reckons the 25-year-old is "less hot" for a transfer to White Hart Lane now the French season is under way.
But he admits things could change if Spurs sell Luka Modric to Real Madrid and then return to Lyon with an improved offer for the France shot-stopper.
Lacombe told French radio station RMC regarding Lloris: "He should stay at Lyon and not join Tottenham.
"Until the transfer window closes, you never know. If Modric goes to Madrid, things may move forward.
"But as he has started the Championship, Hugo is less hot to leave. He wants to continue at Lyon.
"We hope so, unless there is a very important proposal for him and for us. Their (Tottenham's) proposal was well below our valuation for our goalkeeper."
Lyon, meanwhile, have also ruled out the possibility of letting Clement Grenier move to Nice after Yoann Gourcuff was sidelined for up to three months with a knee injury.
But the club admit defender Aly Cissokho, who has in the past been linked with Newcastle United among a host of Premier League clubs, could leave.
If the 24-year-old does move on, Lyon would look to sign Nice's Fabian Monzon in a swap deal for Jeremy Pied.
Lacombe said: "There is a good chance for Aly to leave. If Aly leaves, we could hire Fabian Monzon to replace him."