Spaniard Soldado has failed to adapt to life in the Premier League so far, notching just five goals in 22 league appearances for the North London club.
Spurs forked out £26million for the former Valencia striker in the summer but Emmanuel Adebayor is now the main man for Tim Sherwood in attack.
Atletico have been in fine form this season and are challenging Barcelona and Real Madrid for the La Liga title, as well as looking good for qualification to the quarter finals of the Champions League.
Unfortunately for the capital club, main man Diego Costa is likely to be sold in the summer with Chelsea one of a number of high profile clubs who are expected to match his £32million release clause.
Soldado is unlikely to be called up to the Spain squad for the World Cup and may take refuge back in his home country next season if Spurs agree to sell for a fraction of his original price.