Tottenham will offer Russian side Zenit St Petersburg £30m for Brazilian international Hulk, according to the Mirror. The 27-year-old is believed to be interested in working with former boss Andre Villas-Boas; the two were together at FC Porto.
Spurs are still upset at losing Brazilian midfielder Willian to London rivals Chelsea and The Mirror believes AVB will look to offset that loss with the capture of two other South American players - Hulk and Argentine attacking midfielder Erik Lamela.
The Mail Online believes the north London side are close to announcing a £25m deal for the 21-year-old Argentine international, who plays for Serie A side AS Roma.
Tottenham have completed four signings so far this summer - Spain striker Roberto Soldado arrived for a club record fee from La Liga club Valencia and Brazil's Confederations Cup star Paulinho was the other big-name arrival. In addition, Belgian winger Nacer Chadli and France midfielder Etienne Capoue have also moved to White Hart Lane.
However, with the world record move of winger and talisman Gareth Bale to Real Madrid expected to be announced this week, AVB is keen to strengthen his squad even more, ahead of a challenge for Champions league football next season.
Hulk had two superb seasons at Porto between 2010 and 2012, when he scored 39 league goals from only 47 starts. That earned him attention from a number of top English clubs, including Chelsea. He was strongly linked by the Guardian with a £38m move to Stamford Bridge in July 2012.
Meanwhile, AVB praised his side after the narrow 1-0 win over Swansea City. Spurs have now won their opening two games of the 2013/14 Premier League season, albeit by scores of 1-0 each time and courtesy a Soldado penalty.
"At the moment, these are excellent signs, signs of a team that is mature and knows what to do to gain the right result. You never know what can happen in the future but at the moment we're showing a winning mentality and that's helping us to get results. It's a good start," the former Chelsea manager explained.
Spurs' first big test of the season is on 1 September, when they travel to the Emirates for the season's first north London derby.