Following the arrival of Brazilian starlet Neymar, Barcelona made it clear that David Villa would play a small role for the club next season and suggested it was time to move on.
Many clubs were reportedly interested by the departure of Villa and it was revealed Atletico Madrid had fought off rivals to the signing.
Atletico revealed on their Twitter feed: "The agreement and the signing of Villa as a new player at Atletico will be formalised after the player has taken a medical."
Tottenham have been chasing a proven striker for some time now, being heavily linked with Leandro Damiao, Roberto Soldado and Jackson Martinez all since the decline of form of Jermain Defoe and Emmanuel Adebayor.
Adebayor has struggled at times and has left many Spurs fans frustrated due to poor effort levels displayed on-field.
Defoe's season was jeopardised due to injury and a loss in faith from Andre Villas-Boas.
Tottenham have also targeted Aston Villa striker Christian Benteke who handed in a written transfer request on Monday.
Chelsea have also entered the race for the young Belgian since the opening of the window and a transfer for the player seems likely following his statement.
The players fee is likely to be around the £25million mark and the club have said they would 'only sell at the right price'.
Tottenham and Chelsea both have players in the Belgian national team, who could all play a big part in attracting the young Belgian to join their clubs.
Chelsea have also recently missed out on signing Napoli's Edinson Cavani - who looks to be on the verge of joining PSG.
Can Spurs lure their man to White Heart Lane or will they once again be beaten to the signing and be forced to search again for talent? Leave your opinions below.
Write for GiveMeSport! Sign-up to the GMS Writing Academy here: http://bit.ly/12evFlH
DISCLAIMER: This article has been written by a member of the GiveMeSport Writing Academy and does not represent the views of GiveMeSport.com or SportsNewMedia. The views and opinions expressed are solely that of the author credited at the top of this article. GiveMeSport.com and SportsNewMedia do not take any responsibility for the content of its contributors.