The North London side are said to be preparing an offer for Nottingham Forest defender Jamaal Lascelles.
According to the Daily Mail, Tottenham Hotspur could submit the £5 million bid by the end of the week, which could be considered bad news for Queens Park Rangers, who are also tracking the 20-year-old.
However, if QPR's own experience is anything to go by, then they still have a firm chance of signing Lascelles.
The reason? £5m simply won't be enough.
QPR manager Harry Redknapp is said to be a big fan of the defender and reportedly made a £4m offer for the Forest man, only to have it rebuffed.
In manager Stuart Pearce's own words, "QPR have put money on the table but nowhere near a valuation the boy is worth. There's no pressure to sell. I'm here to build a squad, not dismantle one."
As such, Spurs' bid of just £1m more would likely not tempt the Forest hierarchy, with the club reportedly looking for nearer to £8m.
That puts both Tottenham, QPR and any other interested parties back to the same position: if they can't cough up the asking price, then they won't be getting Lascelles.
Redknapp's next move, then, will likely be a greater indication as to the defender's future. If the Rs increase their offer considerably, then they may be the first club to have one accepted.
Meanwhile, the West London side are still searching for a new striker to bring to Loftus Road, with the likes of Gary Hooper and Kolbeinn Sigthorsson being linked with a move.
However, an Instagram post from QPR owner Tony Fernandes has prompted speculation that Loic Remy could stay at the club instead.
Will Lascelles end up joining Spurs?