Mauricio Pochettino has been looking for a new centre-back since arriving at White Hart Lane, with a move for Villarreal's Mateo Musacchio falling through earlier this month.
The former Southampton boss is set on stamping his mark on the team, with Michael Dawson set to move on to Hull City, and it appears he may now finally have his brand new defender.
Sevilla manager Unai Emery had resigned himself to losing the player last week and the Spanish club's sporting director Monchi says that they have tried to keep hold of Fazio - but he seems destined for a move to north London.
"It seems that Tottenham is willing to pay the [release] clause," Monchi told reporters.
"We are waiting to see the money in the Football League. We are not going to negotiate with anyone because our desire is to keep Fazio in Sevilla.
"Two months ago we talked about his renewal, but it was not possible. When an English team appears interested in one of our players it is difficult because they can multiply player salaries
"We tried to renew him since last season but the distances were huge even if we were hoping to make a new deal."
Fazio is the second defender Sevilla have lost to a Premier League side this summer, with Alberto Moreno leaving for Liverpool after their Supercup defeat at the hands of Real Madrid.
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