Portsmouth look set to miss out on another transfer target after being quoted an £11 million price tag for Sulley Ali Muntari.
The Ghana international saw his stock rise after an impressive World Cup and it was such displays which prompted serious interest from money-rich Portsmouth.
However, Redknapp has endured a summer of frustration having missed out on targets that include Jermain Defoe, Nicolas Anelka, Gareth Barry and Curtis Davies - amongst others - with Muntari now looking likely to join a growing list.
Redknapp admits Portsmouth would not be willing to strike a deal at the £11 million mooted by Udinese, but he did concede the club are working on bringing the 23-year-old to the South Coast.
"If they are asking £11 million for him they will be waiting a long time," admitted Redknapp.
"Peter Storrie (Pompey chief executive) is working on the deal and I don't think that is the kind of figure he'll be working to.
"There is no doubt Muntari is a good young player and I like him a lot. We need strength like he has."
While Muntari's signature looks a far off prospect at present, one potential new recruit is Ognjen Koroman, who spent five months on loan at Fratton Park last season and could now be on his way back to the club on a one-year loan deal.
Koroman was not offered a permanent stay upon the completion on his loan deal but he has now claimed that Redknapp is eager to secure his return for a further term.
"I'm delighted to be rejoining Portsmouth," said Koroman. "It is flattering that Harry Redknapp has kept me in his plans."