Bayern had hoped to agree a deal for the England skipper but it is understood the two sides remain apart in their valuation of the 30-year-old.
The Bundesliga champions had suggested if their bid for Kane was unsuccessful on this occasion they would move on to other transfer targets.
However, with over three weeks of the transfer window left, it remains to be seen whether that is the case.
I am guessing it’s in the range of £100-125m. Bayern seem to have overplayed their hand a bit, thinking that Levy would feel the need to sell regardless of price, and coming in with multiple bids under the asking price. I wouldn’t be shocked if they blink and pay up, but it seems like Levy may be content to keep him. If he goes for free next year, it’s a lot of potential revenue lost, but Spurs are in fine financial shape (it’s not a Barca situation). And Levy seems to think that there’s some small chance that he stays & signs a new contract, if the year with Ange goes well and he likes the direction of the team. Seems remote to me unless Spurs win the league or something absurd like that happens.