PSV Eindhoven will make a move for Lee Young-pyo if he is made available by Tottenham.
The South Korean international is keen on a return to his former club but stated that he will see out the remainder of his contract at White Hart Lane.
Lee's deal with Spurs does not expire until the end of next season, but the 30-year-old will consider leaving earlier if he is placed on the transfer list.
According to the Korean media, PSV technical director Stan Valckx would jump at the opportunity to sign the defender.
"He was a good player for us and will always be welcomed here," he said.
"His contract does not expire until 2009, so it is still a long way to go. But if he wants to leave before then, then we are very interested."