Tottenham have confirmed they have reached an agreement with MLS outfit Toronto over the transfer of striker Jermain Defoe.
The 31-year-old has made 362 appearances for the club over two spells, scoring 142 goals.
A statement on Tottenham's official website read: "We have reached agreement with Toronto FC for the transfer of Jermain Defoe to the MLS side, with effect from February 28, 2014."
It continued: "Everybody at the Club wishes Jermain every success for the future and he will always be welcome at the Lane."
As part of the deal Tottenham will play a friendly with Toronto on July 24 during their pre-season tour to North America next summer.
Tottenham have also confirmed a four year advertising rights agreement with Toronto owners Maple Leaf Sports & Entertainment Ltd.
Defoe said he was sad to be leaving Spurs having initially joined the club in 2004, but feels ready to take on a new challenge.
"Everybody knows how much this Club means to me and I will play my heart out for the team and the fans until my last kick for the Club," he said.
"I have had a fantastic time here and the fans have always been amazing to me.
"I am grateful for the opportunity for myself and my family to experience living overseas and for me to play in the MLS with a contract that will take me to the age of 35. I have no doubt I shall be coming back as a fan supporting the team in the years to come too."
As it stands, when Defoe departs in February Tottenham will only have two senior strikers, Emmanuel Adebayor and Roberto Soldado, as well as youngster Harry Kane.
Tottenham boss Tim Sherwood added: "This is a great opportunity for Jermain and he feels it is one that he wishes to pursue. He has played a big part in the Club for many years and we all know he will give his best until his last minute in a Spurs shirt.
"We have several attacking options within our squad for the remaining dozen or so games of the season after Jermain departs and we shall keep our options under review.
"We also have a goal threat from players in other areas of the pitch including having wide players and attacking midfielders who will enable us to vary our shape when required."
Defoe will still be aiming for a place in England's squad for the World Cup in Brazil next summer.
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