Tottenham's interest in Fred is believed to have cooled, despite the Lyon striker's agent suggesting he will meet White Hart Lane officials.
The Brazil international was looked at when there was uncertainty over the futures of Dimitar Berbatov and Jermain Defoe, although both look increasingly likely to stay until at least the end of the season.
Fred's brother and agent, Rodrigo, claims he will meet Spurs sporting director Damien Comolli over another offer, although Paris Saint-Germain are also hopeful of signing the striker.
"Yes, we are meeting with Damien Comolli, Spurs' sporting director," Rodrigo said in French daily L'Equipe.
"He is coming with a new offer. If it is good, Fred will sign for Tottenham."