The Sun says Spurs have been frightened off by the potential £70million cost of landing Rodgers.
But the Londoners have been unable to come up with a package that would get Rodgers, 48, out of the King Power.
The Northern Irishman earns up to £10m a season with the Foxes.
And Tottenham would need to offer a four-year contract of £12.5m a year, plus Leicester's expected compensation demands of £20m — a similar amount to what Bayern Munich are paying former
Spurs target RB Leipzig for Julian Nagelsmann.
The Carabao Cup runners-up would also have to shell out for the ex-Liverpool manager's backroom staff.