Leeds rejected a bid from Brentford in the region of PS35million for Gray on Sunday, but have been braced for the 18-year-old to depart this summer after they failed to secure an immediate return to the Premier League in May.
Spurs have now jumped to the front of the queue. ahead of the likes of Arsenal and Chelsea, with personal terms agreed with Gray and talks with Leeds at an advanced stage.
While negotiations continue over the final details of the move, it will be a player-plus-cash transfer with Rodon set to head back to Elland Road on a permanent deal after he spent the 2023-24 campaign on loan at Leeds.
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Dutch winger Crysencio Summerville and Italy forward Wilfried Gnonto are among the club's other bankable assets, but Gray looks set to be the first to exit with Tottenham confident of securing his services after a dramatic 24 hours.
Spurs boss Ange Postecoglou gave the green light to move for the highly-rated Gray, who will get the chance to play Europa League football with the north London club.
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