Arsenal have also been linked with a surprise move for the striker.
The striker departed Spurs for FC Toronto earlier this year, but his future there has been thrown into doubt after manager Ryan Nelsen was sacked.
Toronto’s general manager, Tim Bezbatchenko, said, report The Guardian: “We have received multiple offers for Jermain Defoe and we will make a decision on this in the next 24 hours."
QPR have been linked, with Defoe playing under their manager Harry Redknapp at both Tottenham and Portsmouth.
The Metro have linked Arsenal with a late move, but could Tottenham re-sign their former star?
It was Tim Sherwood in charge when the club sanctioned his sale, and Defoe would get a fresh start under Mauricio Pochettino.
Defoe is the club's all-time leading scorer in European competition, and he could add to his tally in helping provide depth, featuring in the club's Europa League run again this season.
There is no set of fans which appreciate Defoe's talent like Spurs, and the Englishman would re-join a similar situation to that which he left in the striker department.
He would compete with Roberto Soldado, Emmanuel Adebayor and Harry Kane for a place, and is unlikely to take any adjustment - rather he would return fresher than he left.
Whether Tottenham have any late interest is unclear, but if Defoe is available on a short-term loan, rather than simply let him go to QPR or a rival, Spurs chairman Daniel Levy should consider using their clear advantage in signing the striker.