The highly-rated 19-year-old has already been linked with a number of Premier League clubs, including Leicester City and Manchester City.
TuttoMercato had previously reported that Fiorentina were the front runners to sign the Macedonia international.
However, Turkish news outlet Superhaber now claim ‘Elmas’ new address’ will be in Tottenham as the youngster is ‘transferring to England’.
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A fee of around £17.2million (€20m) has been touted as the Turkish club need to balance their books to comply with Financial Fair Play rules.
Elmas has played 34 times for Fenerbache this season and has been capped by Macedonia 10 times.
They signed him for just €180,000 in 2017 from Rabotnicki and could land a huge profit if they sell him in the summer.