Harry Redknapp has ruled out a move for Raul after revealing he has identified the three players he wants to improve his Tottenham squad.
Real Madrid icon Raul has recently been linked with a shock move to Spurs as he prepares to end his glittering career at the Santiago Bernabeu.
A 'farewell ceremony' has been planned for Monday for Raul, but it is expected the experienced forward will join German side Schalke rather than move to the Premier League.
Redknapp admits any deal for Raul would likely be out of the club's reach and the Spurs boss has again admitted his admiration for Sevilla striker Luis Fabiano.
"Raul is a great player at Real Madrid, but I wouldn't think he would be a player we would bring to Tottenham," Redknapp told Sky Sports News.
"Financially, I don't think it would be possible to do a deal like that.
"I like Fabiano. I've got other targets, but I'd be a liar if I said I didn't like him, he's a top player."
Redknapp remains keen to strengthen his squad ahead of a Champions League campaign and has pinpointed which areas need improvement.
He said: "We're certainly not the poor relations to anybody. We're well off, the club's well run and we're in good shape.
"We need three players and I know the three players we want. If we can get them I think we'll be good next year.
"We've still got work to do. There are a couple of positions where we could just make ourselves that extra little bit better."