The Mirror says Defoe signed a five-year deal worth £60,000 a week – nearly DOUBLE what he was on at Spurs just 12 months ago.
Tottenham have got the 26-year-old England star on the cheap. They will only pay around £6million for him as Portsmouth still owe them £7m from the original deal and on their other Spurs signings Younes Kaboul and Pedro Mendes.
It is an incredible piece of business by Tottenham chairman Daniel Levy.
Defoe quit Spurs a year ago as one of the lowest earners and was sold to Portsmouth for £9m.
He now returns as top earner in the club’s rigid wage structure.