The striker has become a peripheral figure at White Hart Lane in recent times, with Andre Villas-Boas and new boss Tim Sherwood both having overlooked him on multiple occasions.
This has led to speculation of a move away from North London for some time, with a number of Premier League and Championship sides having been linked with his signature.
However, a move to the MLS appears to be on the cards, with a £6m deal close to completion.
Defoe will pocket a huge £90,000-per-week with the Canadian giants – who play in the USA’s top football league – and is hopeful that playing regularly will boost his World Cup hopes.
The 31-year-old is thought to have held discussions with Roy Hodgson, and although playing Stateside will nothing for his long-term Three Lions ambitions, good form in the run up to the tournament could book him a spot in the 23-man squad for the Brazil-based competition.
It is also thought that Toronto will sanction a loan back option, which will allow Defoe to stay at Tottenham until March.