Manchester City are reported to have made an audacious bid to steal Dimitar Berbatov away from under the noses of cross-city rivals Manchester United.
The Bulgarian is unhappy at Spurs.
Reports suggest that a bid 'in excess of £30million' has been tabled for the Bulgarian striker and has been accepted by Tottenham, with manager Mark Hughes confirming that he hoped to meet the player later on Monday.
'I am as stunned and excited by this as the fans are,' Hughes told Sky Sports.
'I think it's agreed between ourselves and Tottenham. Now really it's down to the boy to make a decision I think.'
With Abu Dhabi United Group for Development and Investment looking set to take over City, after Former Thai prime minister Thaksin Shinawatra agreed to sell his share in the club, the potential new owners will plunge transfer funds into the side immediately.
Berbatov has made it clear that he wants to leave White Hart Lane and could be interested in linking up with international team-mate Martin Petrov at Eastlands.
Tottenham have been in talks with United for the past few weeks, but there has been no breakthough, with the club unwilling to budge from their £30million asking price.
United have pursued Berbatov since the start of the summer, but their £20million valuation of the Bulgarian fell some £10million short of what Spurs want and recent media reports have suggested that United's 20-year-old striker Fraizer Campbell could be made part of the deal.
In a busy day for Tottenham, the club have also finalised the transfers of Spartak Moscow striker Roman Pavlyuchenko for £13.8million and defender Vedran Corluka from Manchester City for £8.5million.
Spurs are also still chasing another striker to fill any void left by Berbatov, with Zaragoza's Diego Milito expected to sign before the end of the transfer window.