The Italian – who guided the Sky Blues to Premier League glory in 2012 – only left the English game at the end of last season, and has since taken over at Galatasaray.
However, he is already thought to have grown frustrated with Turkish football, and is angling for a move back to one of the continent’s bigger leagues.
The Tottenham job is said to be one that appeals to the 49-year-old, with Tim Sherwood’s position far from safe.
The current Lilywhites chief was only handed an 18-month contract over the winter, yet it is thought that his role could be taken away from him later this year if the London club miss out on a top four finish.
Chairman Daniel Levy is rumoured to be keen on landing an experienced manager, and he could be tempted by Mancini.
The ex-City gaffer has coached top clubs in Italy and has a proven record in domestic competitions.
However, he may have to see off interest from Louis van Gaal, who is also thought to be interested.