The England winger's deal runs out in July 2012, and Villa are currently negotiating the terms of a new contract - which will likely see his pay increased from £65,000/week to £75,000/week.
But Spurs manager Harry Redknapp has already tried to sign Young once, and could use the buy-out clause to his advantage in a swoop for the 24-year-old next summer.
The Mirror suggests Young could command a fee of £14 million.
Spurs were put off by his pricetag and personal demands this summer, but the suggestion is they are now ready to break the bank.
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Meanwhile, crisis club Liverpool are reportedly planning a January move for Hapoel Tel Aviv striker Itay Shechter. (Daily Mail)
Roy Hodgson is apparently a big fan of the 23-year-old Israel international, who is valued at around £3m.
But there may also be interest from Tottenham, Everton and West Ham to fend off if Liverpool are to land their man.