Spurs have been long time admirers of the Everton man, but it now looks like they will miss out on the enigmatic 24-year-old.
This is not necessarily a bad thing for Tottenham, however, what with Barkley's less than impressive injury record, and his inconsistent form over the past couple of years.
The 22-capped England international has not played a single game for the Toffees this season, and has always been prone to injury throughout his career, along with being an inconsistent performer for the Merseyside outfit.
Mauricio Pochettino is well renowned for deploying a high intensity pressing style of play, along with fiercely competitive training sessions, and it could be argued that Barkley would really struggle to fit into that way of working.
The Blues man is undoubtedly a talented player, but he has often flattered to deceive, and although the price of £15 million seems incredibly reasonable in today's ludicrously inflated transfer market, there is no guarantee that he will be able to maintain his fitness over a prolonged period of time.
With the likes of Mousa Dembele and Victor Wanyama prone to spells on the sidelines, the last thing Spurs need is another injury crock, and their fans should not be too down-hearted to see Barkley link up with their London rivals.
That does not mean to say that Tottenham do not need another midfielder, but they will be better served in targeting a younger and fitter version of the soon-to-be Chelsea man.