Former chairman Levy holds a 29.9 per cent share in Spurs.
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The Sun says billionaire businessman Ng Wing-Fai and American Brooklyn Earick are coming together with an offer for Levy's stake.
Wing-Fai's Hong Kong group and former DJ Earick's consortium both made attempts to buy the Lewis family out of the club last year.
Levy is said to want £1bn to sell his holding, which would price Tottenham at £3.3m.
Sources close to the Lewis family are questioning why any buyer would want Levy’s shares given they have no plans to sell up themselves.
