Sporting Lisbon midfielder Miguel Veloso is being linked with Tottenham.
Sporting are chasing Spurs pair Gareth Bale and Roman Pavlyuchenko and want loan agreements for both players next month.
The Daily Mail says Spurs are prepared to offload unhappy Russia striker Pavlyuchenko, but are holding out for cash to reinvest in other areas of the team.
With Harry Redknapp looking for a midfielder, Sporting could offer Portugal international Veloso in a loan exchange, while a cut-price £8million future fee for Pavlyuchenko has been mooted.