The 21-year-old came through the ranks at Barcelona but left in the summer after failing to establish himself in the first team.
And he has been a revelation at Malaga, scoring 13 goals in 27 La Liga outings, including six in his last six.
Spurs boss Mauricio Pochettino was interested in landing the youngster last summer when it became clear that he would be leaving Barca, but Ramirez opted for Malaga.
And now, according to AS, the north London club have joined Merseyside neighbours Everton and Liverpool in the race for him.
Villarreal, Atletico Madrid and Sevilla are also circling with Malaga now bracing themselves for interest during the transfer window.