The Ivorian international – who recently returned home after his nation’s poor showing at the World Cup – has only been a Swans star for 12 months, but is already being intensely linked with a switch away from the Liberty Stadium.
Liverpool and Arsenal have been aligned with the 25-year-old in recent weeks, but it now appears that Spurs are leading the way.
The Londoners are understood to have opened talks with the South Wales club for the £20m-rated forward, although they are looking to negotiate a lower fee.
Bony netted an impressive 26 goals in all competitions for Swansea last term, but he has already spoken of a desire to play for a top club in European action.
New White Hart Lane chief Mauricio Pochettino is ready to offer the man once compared to international colleague and former Chelsea idol Didier Drogba, the chance to do so in the Europa League.
The Argentine sees Bony as a better striking option than Emmanuel Adebayor or Roberto Soldado.
Gylfi Sigurdsson may be used to lower the sum need for the forward’s signature, with Swansea keen to bring their former loan star back.
Tottenham are also discussing the availability of Ben Davies.