Pavlyuchenko wants to leave White Hart Lane in order to boost his chances of playing for his country at Euro 2012 after seeing his playing time limited this season due to the arrival of Emmanuel Adebayor, and the excellent form of Rafael van der Vaart and Jermain Defoe.
Several clubs could bid for Pavlyuchenko in January, but Redknapp does not want to damage his side's chances of a top-four finish by leaving himself short of strikers, and said: "If we let Pav go we'd leave ourselves short. If he decides he wants to go and the club get a good offer then we've got to be ready to replace him from somewhere."
"We (Redknapp and Levy) talk about players all the time, but I couldn't sit here and say we've got targets. We haven't," the 64-year-old said.