Spurs have already won one of Yorkshire's top prospects with Jack Clarke.
The teenage winger has been signed by Tottenham, but will be on loan to Elland Road until next summer.
While Clarke will continue his development in Leeds, it remains to be seen if he will play alongside Phillips again this season.
The up-and-coming Aston Villa was on the hunt for the active midfielder and had rejected a bid of 11 million pounds.
Leeds has taken a tough stance on his 23-year-old Academy product, putting a whopping £ 30 million on his shoulders.
Tottenham has already spent nearly £ 10m on Clarke, but could now also fund a dive for Phillips.
According to Mirror, Spurs are ready to promise the Leeds star a hefty increase in his current wages of £ 10,000 a week.
Mauricio Pochettino can also offer Champions League football and Premier League action as well as extra money in North London.
"Leeds has loyalty in their favor, as Phillips is a childhood fanatic"
There is further interest from the top tier to lure Phillips off Elland Road.
After Phillips' impressive season, when he was named an EFL Championship Team of the Year, other clubs weigh the competition for Villa.
Bournemouth and Wolves have cooled their interest, but Newcastle is also keen and could go hunting with Spurs and Villa mirror Add.
Leeds has loyalty in their favor as Phillips is a fan of the club's youth.
They believe he will not be upset for a change from the club as Marcelo Bielsa prepares his team for another shot at clinch promotion.
Leeds finished in third place last season and lost in the semifinals of the playoff championship against Derby.
Phillips was crucial to her success in Leeds best season since leaving the Premier League.
It is said that a new contract has been submitted to him to reward him for his progress.
And Leeds is confident that he will stay even though their opening bid has been rejected.