Spurs are thought to be desperately attempting to snap up Villarreal’s Argentinian defender, but third party ownership issues have muddied the waters for them.
A figure of around £17m has been mooted, but with the Spaniards keen to get as much cash as possible while outside influencers are also at work, there has been talk of a fee of around double the amount the Lilywhites are ready to part with.
As a result they are looking at alternatives, with Fazio on the list.
The centre-back – also Argentinian – is understood to have an £8m release clause in his contract, making him a more viable addition in terms of finances.
The 27-year-old recently helped Sevilla to Europa League victory, and is known for his versatility – he can play at full-back or in midfield.
Mauricio Pochettino is thought to be keen on his compatriot, which could open the door for a move before the transfer window closes.
Spurs are ready to sell Michael Dawson and Vlad Chiriches to clear space for Fazio.