There were rumours he was going to be offered a new contract with a clause in it. Personally I think Real or Barca won't be in for him unless his clause stipulates he can leave on a cheap fee. Which means leaving on a free is his only option.
Agree all that except no reason why Levy wouldnt agree a contract with a get out fee of say £50m to non PL clubs, exercises in June each year) with a decent wage increase.
Eriksen will be playing for his next contract - will never go to Spain if he's often on Spurs bench so in his interest to sign such a contract and see who wants to come in for him.
With a release clause only exeriseable at start of every TW gives us a decent chance to recruit another AM - although less critical now GLC is here.