The Daily Mail says Tottenham have had an opening bid of £10.5million for Damiao rejected.
The highly-rated Brazilian is valued at £17m despite only having one full cap and club president Giovanni Luigi is determined to hold onto the player until the end of the year when the Brazilian season finishes.
He said: "It was the first concrete offer we've had. I said I didn't want to sell now, but I think they will come back with another attempt.
"I warned that he'll only leave at the end of the year and for more money."