The 32-year-old has already enjoyed two separate spells at White Hart Lane in his career, ending his last period at the club 12 months ago to sign for the MLS side.
But, with Toronto having endured a difficult season – they failed to make the play-offs despite much investment – Defoe is ready to head back to the Premier League, and is convinced that, despite being 32, he has what it takes to succeed.
He is currently training with Spurs in a bid to stay fit, and even with interest from QPR, he wants to play in the white shirt once again.
Tottenham boss Mauricio Pochettino is known to be keen on securing a new centre-forward this month to boost his side’s top four quest, yet controversial chairman Daniel Levy is unlikely to sanction a swoop, even with Toronto’s reduced demands.
The North American side originally wanted £6m for the ex-England international, but several teams baulked at the price-tag.