The People says Spurs supremo Daniel Levy is set to offer former Manchester United hitman Forlan, 32, a stunning personal package after hearing he could move from the Spanish side for nothing.
Forlan was the joint top scorer at last summers World Cup finals, as well as winning the Golden Ball award as the tournaments best player.
However, his transfer value has fallen after a disappointing season and Atletico will let him go without a fee.
The big snag is Forlan's wages. He is on a staggering £160,000-a-week, which Spurs could not match but they are trying to get near.