The 23-year-old is expected to leave Montpellier, after the club's chairman Louis Nicollin confirmed that he is ready to listen to offers in the region of €14million - or £11.9million - for the midfielder.
Spurs boss Andre Villas-Boas has been credited with an interest in bringing Belhanda to White Hart Lane when the transfer window reopens on July 1, as the Portuguese tactician looks to strengthen his squad ahead of the 2013/14 campaign.
However, Tottenham will face competition from north London rivals Arsenal, as Arsene Wenger continues to monitor the Morocco international's situation at Stade de la Mosson.
A move to the Emirates Stadium appears equally uncertain though, with no fewer than five clubs keen on signing the African playmaker, with AC Milan, Inter, Atletico Madrid, Galatasaray, and fellow Premier League side Aston Villa all vying for Belhanda's signature.
Villa might be the most surprising club courting the in-demand Ligue 1 star, but they seem to stand a good chance of luring the player to Villa Park after he acknowledged their 'big history'.
"I am definitely aware that there are five clubs with serious interest in me," said Belhanda. "The president told me how much I will cost for any team that wants me.
"I have told everyone that England will be my first choice.
"Aston Villa is a great club with a big history playing in the best league in the world, so let's see what will happen."