Spurs have already done the majority of their transfer business in terms of incomings this season and have been focusing on trimming down their squad.
Tottenham are closing in on offloading Sergio Reguilon and Harry Winks on loan exits while Bryan Gil is another player that could follow the duo out through the door.
La Liga outfit Valencia are keen on snapping up Gil, but Spurs will only sanction his exit once they find a replacement for him.
It has been claimed that Tottenham have identified Leeds winger James as a player that could fill in for Gil, should he move on.
Spurs are suggested to be looking at an initial loan deal for the Welshman, although the Whites are happy to keep hold of him.
However, contrary to claims, Tottenham do not have serious interest in snapping up James at present even though he is a player on their radar.
Valencia remain keen on Gil, but Tottenham boss Antonio Conte does not want to compromise on his squad’s depth by allowing him to leave without another player lined up.
It remains to be seen whether Tottenham will indeed turn to James in the coming days with the window set to slam shut on Thursday.