Spurs have plenty of uncertainty surrounding it's ownership with Joe Lewis surrendering himself to US authorities after being charged for inside trading.
The British businessman was indicted by federal prosecutors on Tuesday night and has been accused of giving up confidential business secrets to romantic partners, friends and private pilots.
Lewis has been charged with 16 counts of insider share dealing and could spend the rest of his life in jail if found guilty, but he denies the charges.
Amid the uncertainty the Express report that Jay-Z, whose real name is Shawn Carter, is preparing to make a bid if Lewis is convicted.
He boasts a net worth of around £1.95billion and is said to have the backing of a group of US investors.
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The 53-year-old already has experience in sports investment after previously owning a small minority stake in NBA giants the Brooklyn Nets.
He also founded the sports management company Roc Nation Sports in 2013, with Kevin de Bruyne and Romelu Lukaku among their clients.
Jay-Z's interest in a Premier League side is nothing new though as in 2005 he was interested in being a major investor at Arsenal.
"I don't know a lot about the business of soccer but in future, if the right opportunity presented itself, then who knows?" he previously said.
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He also told Arsenal Magazine in 2010: "The press started reporting that I was a Manchester City fan, I am really glad all that has been cleared up and that everybody in the UK knows that I am an Arsenal fan.
"If there are [any fans in the Arsenal squad] they would be more than welcome to come to my next concert when I am over in London.
"They can come and see me do my work, and then I will come and see them do their work."
He could very well turn his attention back to north London but this time with Spurs.
However, the report also says that his spokespeople, as well as those of Lewis, have declined to comment on the club's future ownership.
ENIC Group are Spurs' current majority shareholders as the British investment company have 86.58 per cent of the share capital.
Fans have protested against ENIC and club chairman Daniel Levy in recent months due to their frustrations over the club's hierarchy amid a lack of success on the pitch.
Lewis' stake in the club - which he held through the ENIC Group alongside Daniel Levy - was formally handed to a family trust last year.
Family members of Lewis remain beneficiaries of the trust.
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The Premier League does not consider Lewis as a person with control at Tottenham, and is therefore not subject to its owners' and directors' test.
A Tottenham spokesperson said: "This is a legal matter unconnected with the club and as such we have no comment."