Spurs had a bid of £15m for the Spanish international rejected last week.
Wolves had demanded an offer of £25m.
However, Sky Sports says a compromise is expected and Traore will move to north London in a deal worth £20m.
Former Tottenham boss Nuno Espirito Santo attempted to sign Traore last summer.
And the club's interest has not changed despite Antonio Conte now leading the team.
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