The Honduras international is now being watched closely by a host of Premier League managers, including Harry Redknapp.
Spurs planning clear-out as Sunderland eye Darren BentTottenham fans voice discontent as big names fail to spark for Juande RamosTottenham eye Milans Marco BorrielloThe Mirror reports that Tottenham will make a summer bid for Figueroa and could raise funds for the move by offloading 20-year-old full-back Gareth Bale.
Redknapp is also reportedly considering a swoop for Valencia striker Nikola Zigic as he bids to strengthen his forward line.
Roman Pavlyuchenko is a favourite to leave in January, while Robbie Keane has been linked with a move to Celtic.
Zigic will certainly bring a physical presence to the Tottenham attack. At 6ft 8in, he is taller then Peter Crouch.
Meanwhile, the Sun have linked Spurs with Chile striker Humberto Suazo. The 28-year-old plays for Mexcian club Monterrey.
Monterrey president Jorge Urdiales said: "We will listen to and discuss any offers we receive from Europe."