London rivals Spurs and Chelsea are locked in a head-to-head battle to sign Porto striker Radamel Falcao.
Harry Redknapp has reportedly eyed up a £35 million bid for the Colombian star, while Stamford Bridge could also be a potential destination for the forward as he has previously worked with new Chelsea boss Andres Villas-Boas.
If either club is to get their man then they will have to fight off competition from the two Madrid sides, with Real and Atletico both keeping an eye on developments.
Portuguese newspaper A Bola has said that Jose Mourinho is even prepared to wait until the start of next season to get his man, while Atletico's president Enrique Cerezo confirmed that Falcao 'is an objective of ours'.
Last season, Falcao scored 17 goals as his Porto side won the Europa League, including the only goal in the final against Braga.
Spurs have been hoping to bring in a top class striker all summer, with moves for Giuseppe Rossi and Alberto Gilardino among those reported.
It comes as Redknapp appears to have lost patience with current strike force Robbie Keane, Peter Crouch and Roman Pavlyuchenko.
Keane was sent out on loan last season and is wanted by Leicester City, Stoke City have bid for Peter Crouch and Pavlyuchenko's future has been in doubt for some time.
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