The 26-year-old has been linked with Newcastle and West Ham United - who reportedly remain interested - all summer but the north London side have now re-entered the race.
Indeed, head of football operations Les Ferdinand is willing to do business with Spurs, giving the White Hart Lane outfit a 'huge advantage' over the likes of Newcastle and West Ham, the Standard suggest.
An old friend
The fact Ferdinand used to both play and work for Tottenham naturally gives Daniel Levy a headstart in negotiations should the north London side decide to offer up the £15 million quoted by the reports.
Another advantage, however, could simply be the fact neither Newcastle nor West Ham have yet to make any significant progress despite being linked all window long.
According to Sky Bet, the Hammers are now favourites to land the 26-year-old, with the Magpies having dropped to second in the running. But Tottenham have moved to as low as 4/1 and have real incentive to move for Austin as he is cheaper than West Brom forward Saido Berahino.