The Tottenham boss' hopes of managing the England team received a major boost as he walked free from court.
Jurors accepted Redknapp's angry denials that he avoided tax on any payments over £189,000 found in a Monaco account.
His acquittal alongside co-defendant Milan Mandaric blows the final whistle on a five-year £8million police investigation which failed to yield a single conviction.
Mandaric and former Portsmouth chief executive Peter Storrie were also cleared of £600,000 tax dodge claims at a previous trial, it can be reported for the first time.