Tottenham were able to rebound from a slow start and currently sit in fourth place in the Premier League. Although the Spurs' title hopes are slim, securing a spot in the top three and a guaranteed Champions League bid serves as plenty of motivation.
It also means that January figures to be an active time for manager Andre Villas-Boas, not only in terms of bringing in more talent, but also while protecting his own roster from clubs looking to spur a second-half run. He already captured Lewis Holtby, who will join the Spurs over the summer.
Let's examine some of the latest transfer talk involving Tottenham. With more than two weeks left before the window closes, there's still plenty of time for wheeling and dealing.
Emmanuel Adebayor is getting ready to represent Togo in the Africa Cup of Nations, which will leave Tottenham with a lack of attacking options behind Jermain Defoe. It's led to a lot of links with potential striker moves, including one for Damiao.
Yet, Villas-Boas doesn't foresee the club making any moves to add to its attack, according to ESPN. Instead, the Spurs are expecting to lean more heavily on Clint Dempsey, who has found the net three times in his last three appearances.
Finding reliable strikers for a reasonable cost is extremely difficult during the January window because so many teams are searching for one. It appears Tottenham are ready to move forward with what's already on the roster instead of chasing Damiao.
The development of Bale into one of the most well-rounded midfielders in the Premier League has been a sight to behold for Tottenham and their supporters. His terrific play is attracting a lot of attention and interest from around Europe.
Real Madrid are extremely interested in the 23-year-old Wales international, according to Lee Bryan of the Daily Mail. He reports that the Spurs have placed an eye-popping £55 million price tag on him to fend off interest, though.
While the asking price is through the roof, Tottenham must do whatever they can to keep Bale, and seeking that type of money should do it, at least for now. Things will probably get more interesting during the summer window.
Hughes is becoming a popular transfer target for clubs around the Premier League, as they begin to look toward the future. The 17-year-old Derby County midfielder has showcased plenty of potential during his time with the Championship side.
Simon Jones of the Daily Mail reports Manchester City have moved to the front of the pack in the race to land Hughes, but Tottenham and Arsenal are also in the mix. It's easy to see how coveted Hughes is with those three clubs involved.
Tottenham will need to step up if they plan on beating out City and the Gunners for him. When you consider the growing amount of interest in Bale, landing a player with a bright future like Hughes would be a wise preemptive move for the Spurs.