The Portuguese midfielder was heavily linked with a move to Spurs in the summer but he ended up signing a new deal with Sporting.
According to a report from Record (translated by Sun), the Portuguese outfit are going through some financial difficulties and Fernandes has been made available for transfer.
Spurs will have to pay around £60m for the goalscoring midfielder.
Fernandes had an outstanding season last year with 32 goals and he has bagged 9 so far this season.
There is no doubt that the Portuguese international is an elite talent and he could become a star for Jose Mourinho’s side.