Parker is expected to leave Upton Park this summer as he seeks to stay in the Premier League following West Ham's relegation to the Championship.
Aston Villa are believed to have made a ?7million bid for Parker, while Chelsea have been strongly linked with a move for the England international as they seek cover for the injured Michael Essien.
Redknapp has never hidden his admiration for Parker and the Spurs boss has been tipped to make a new move for the 30-year-old after seeing a bid to sign the former Newcastle man rebuffed last summer.
However, Redknapp insists Spurs are unlikely to move for the England international due to the finances involved.
"If you take into account the fee of around ?8m, signing on fees and wages you're talking about a ?30m deal," Redknapp told the Sunday Mirror.
"There is no way the club would sanction a deal for a 30-year-old who would have no resale value at the end of his contract."
Source: Team Talk
Source: Team Talk