The Daily Express reports that AEG owner Philip Anschutz has been in talks with Spurs owner Joe Lewis for weeks.
Lewis owns about 30 per cent of Spurs through his company ENIC.
The pair are close to reaching an agreement.
Anschutz is keen to keep current Tottenham chairman Daniel Levy in charge at White Hart Lane.
The takeover would see AEG inject new funds into Tottenham.
