Spurs chief Tim Sherwood is believed to be keen to alter the North Londoners’ transfer policy following the decision to spend the £86m received for Garth Bale last summer on a host of European talent.
Although not all of the club’s arrivals from last year have been disastrous, the likes of Erik Lamela, Nacer Chadli and Roberto Soldado have struggled to adapt to life in the Premier League despite their vast expense.
Sherwood feels that landing players with knowledge of the division could be beneficial, and sees Milner and Reid as prime targets.
Major scouting between now and the end of the season is expected, with the two aforementioned names set to be scrutinised.
Milner in particular is seen as a top recruit, with the England international possessing plenty of know-how.
Manuel Pellegrini has appeared to be unconvinced by the former Leeds trainee, which could allow Spurs to snap him up with the promise of regular playing time.
Reid is seen as the ideal man to bolster Tottenham’s backline, with the Hammers ace having been a key figure at Upton Park this term.
The New Zealand international is highly-rated by Sam Allardyce, but a serious offer may be enough to turn the player’s head.