Tevez's future at City is uncertain following his disagreement with manager Roberto Mancini during the club's 2-0 Champions League loss at Bayern Munich, with the Italian coach stating post game that the attacker would not play again for his side.
City are expected to demand in excess of £30 million for the striker's services while he reportedly currently earns around £200,000-a-week at the Etihad Stadium, and Redknapp accepts Tottenham are in no position to match those wages.
Redknapp said: "Would I like him? Yes. Anyone would like him. He is a fantastic player. He is an amazing player. When he plays no one gives more than he does. He works his socks off, he runs, he chases, he plays, he tackles and he scores goals.
"He is the full package when he plays so I don't think there are too many teams who wouldn't like him. Affording him is a different matter. That's the problem. We couldn't afford him really."
City were forced on Friday by the Professional Footballers' Association to halve a four-week fine given to Tevez after they found him guilty of several charges relating to his apparent refusal to come off the bench in Germany last month.
Of the decision, Redknapp said: "A two-week fine, four-week fine, it doesn't make any difference to him does it? How is that going to hurt him anyway? The extra two weeks won't hurt him when you are earning unbelievable money like that. It probably won't make the slightest bit of difference to his life in the long term."