The 18-year-old officially joined Spurs from boyhood club Hajduk Split last summer but may never play a competitive game for them.
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Vuskovic has enjoyed an impressive loan spell with German club Hamburg this season and is attracting interest from Europe’s elite sides.
According to Sportsboom, Liverpool and Real Madrid are the latest clubs to register an interest in the young defender.
Barcelona, Bayern Munich, Man City, PSG, and Chelsea are also said to be keen on Vuskovic, who Spurs value at £61 million.