Corinthians director Corinthians director Roberto de Andrad says he is open to the idea of selling Alexandre Pato in the January transfer window.
Pato moved back to his native Brazil in January this year in a £12.2m deal following a five-and-a-half year spell at AC Milan.
Despite his recent arrival, Tottenham attempted to sign the 24-year-old in the summer transfer window, but failed to convince Pato to move to White Hart Lane.
The Brazil international came out this week to say he rejected the chance to sign for Spurs.
"Tottenham had called Corinthians to ask for my transfer," Pato was quoted as telling Brazilian TV station SporTV.
"I sat at the table with the club and my agent and I decided I wanted to stay."
Arsenal have recently been named as Tottenham's main rivals for the Brazilian international, who are looking to boost their options in attack.
Arsene Wenger currently has just Olivier Giroud to choose from up top before having to reach in to reserve strikers Nicklas Bendtner and Chu-Young Park.
Both Andre Villas-Boas and Wenger have received a boost after the director of Corinthians confirmed he is interested by the prospect of selling Pato.
Ruling out other Brazil clubs, Andrad said he could not rule out selling to the north London pair.
"Considering his value, I think it's hard that he moves to another Brazilian club," De Andrade told Radio Bandeirantes.
"If those two clubs (Arsenal and Tottenham) are interested in Pato, we don't rule out selling him in the winter transfer market."
Pato has earned a recall to the Brazil squad since moving to Corinthians after impressive performances put him back in Luiz Felipe Scolari's plans.