Dejan Kulusevski is in talks to join Spurs on a loan.
There is no decision yet if an option to buy will be included in a deal.
The move for the Swedish international comes after the deal for Porto winger Luis Diaz was hijacked by the Reds.
Spurs have turned their attention to Kulusevski as they desperately try to strengthen the squad before the transfer window shuts on Monday.
The 21-year-old has 27 appearances for the Bianconeri this season, but has only scored twice.
The managing director of football at Spurs signed Kulusevski for the Italian side.
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The current contract of Kulusevski is due to end in the summer of 2025.
The Reds made a late bid for the Porto player, who prefers a move to the north London club rather than them.
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The manager of the first choice for the summer transfer window was the one who accelerated their plans due to strong interest from Spurs.
Sky Sports News understands that the player prefers a move to the other side of the pond and that Spurs did everything they could to get him.
Spurs are working hard on other targets.
Barcelona are in talks with Wolves over a move for Adama Traore, who is unconvinced by Spurs offer to use him in a variety of positions.
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Traore would like to return to the club where he started his career after Barcelona offered him a loan move with an option to make a permanent deal.
Sky Sports News understands that Spurs will not try to convince Traore to turn down Barcelona and will instead focus on other targets.
The clock is not running. The transfer window closes at 11pm on January 31.
Sky Sports has a dedicated Transfer Centre blog where you can keep up-to-date with all the latest transfer news. Sky Sports News has the ins, outs and analysis.
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