Spurs Under-23s star Parrott joined Championship outfit Millwall on a season-long loan deal in the last transfer window in a bid to potentially gain valuable first team experience.
But the striker has struggled to clock up regular minutes at the Championship outfit under Gary Rowett and Tottenham are unhappy with his current situation.
The north London giants are set to recall Parrott from Millwall and are eyeing sending him to another club for the remainder of the season.
League One outfit Ipswich have emerged as potential destination for the 18-year-old and they have begun talks with his parent club over a deadline day swoop.
Tractor Boys boss Paul Lambert sees Parrot as a valuable addition to his attacking department as Ipswich continue their quest to earn promotion to the Championship.
With the window set to close at 11pm today, Ipswich will be looking to move quickly and tie up any loose ends regarding Parrot’s potential loan swoop, provided Spurs give the green light.
Parrott only has only seven Championship starts to his name at Millwall and will be looking to feature more frequently wherever he ends up playing or the rest of the season.