The Sun says the attacking midfielder has revealed he may join Tottenham.
Arsenal had been favourites to land Hazard, 21, who has a release clause of £33million.
Hazard admitted: "Maybe it will be Tottenham - they're a big English club. I said I would go to England and they have some very good players there."
But Emirates chief Arsene Wenger, who rates Hazard highly, will fight them all the way.