The People says Spurs is the latest Premier League club to be targeted by American investors, following takeovers of Manchester United, Liverpool and Aston Villa.
Klinsmann has been linked with Martin Jol's job at Spurs, but the German has far bigger ambitions, and would prefer to return to Tottenham to help run the whole club.
He earned respect for the way he handled a difficult German national squad and he has strong ideas on how to run a football club.
Those will include a total revamp of the management structure, with Jol and his backroom team being cleared out.
Klinsmann is the first choice of the consortium of US businessmen who see him as the ideal figurehead in their plans for a buy-out.
He has the charisma and popularity with the fans. And the German has a love and knowledge of Tottenham Hotspur which the potential new owners see as a valuable asset.
