The newspaper claims that chairman Daniel Levy is looking at the possibility of having separate deals for the Premier League, Champions League and FA Cup.
Levy has made the step after Spurs failed to find a sponsor willing to pay the £10m-a-year the club want to replace the £8.5m-per-season agreement with Mansion which expired at the end of last season.
The club may not have a shirt sponsor in place at the start of the season but are reportedly hopeful of reaching a deal in the next two or three weeks.
Spurs believe the groundbreaking deal will generate more money because of the huge TV exposure around the world.
The paper also claims the club are looking to combine the shirt deal with the naming rights for their new stadium which is scheduled to be completed in time for the 2012-13 season.
But planning issues may hinder the ambitious plans and the club are exploring other ways of raising money.
A club spokesman said: "We are working hard to deliver international partnerships for the club, improved operations and choice for the fans. Increased commercial deals will translate into investment in all areas of the club - on and off the pitch."


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