Markanday is among the top prospects in the Spurs youth system and made his senior team debut for the club in October in a Europa Conference League clash.
However, the 20-year-old is unlikely to get enough game time under new boss Antonio Conte in the first team and Spurs are open to letting him leave in January.
The winger’s current deal is set to expire next summer and Spurs want to renew his deal before he is sent out on loan to gain valuable first team experience, although a permanent transfer is also not ruled out.
Markanday has attracted interest from several Championship clubs, including Bournemouth, West Bromwich Albion and Queens Park Rangers, but he also has admirers from outside England.
Scottish Premiership giants Rangers and Celtic are also interested in adding the Spurs starlet to their ranks in the upcoming window.
Spurs, who see Markanday having a future at the club, want him to raise his game with regular first team football on loan for the remainder of the season.
It remains to be seen whether Markanday will remain in England and join a Championship side or make the move north of the border to play Scottish top flight football.
