Tottenham are on the brink of agreeing an £11.5million deal for Atletico Madrid defender Toby Alderweireld.

Chairman Daniel Levy has spent the weekend in the Spanish capital, locked in talks with Atletico chief executive Miguel Angel Gil over a deal for the Belgian.

And it is understood a fee for the defender has now been agreed, though some finer details of the deal still need to be finalised.

Tottenham chairman Daniel Levy spent the weekend in Spain and has agreed a fee for Toby Alderweireld

Levy was wary of Southampton's interest in the defender but is confident of concluding a deal next week

Tottenham are now very confident of concluding a deal for Alderweireld next week.

Southampton are also very interested in the versatile defender, something Levy has been wary of. Alderweireld impressed during a loan spell at St Mary's, and Ronald Koeman was keen to secure a permanent deal for the defender.

But he looks almost certain to be disappointed in the race to land the 26-year-old after Levy took matters into his own hands.

Southampton had a £6.8million option to buy Alderweireld, but Atletico cancelled the clause for £1.5m in order to sell to the highest bidder.

Southampton could still sign Alderweireld but will need to match Levy's £11.5m bid.

He was locked in talks with Atletico chief executive Miguel Angel Gil and has agreed an £11.5million fee