Spurs agree fee, while Reds plot second offer.
Swansea City have accepted a £10m bid from Tottenham Hotspur for Wales international defender Ben Davies, according to The Telegraph.
The 21-year-old was one of Swansea’s most impressive players last season, starting 32 Premier League games, as well as four in the Europa League.
His fine form has attracted the attention of Spurs and Liverpool, who are both in the market for a new left-back this summer.
Liverpool were recently rebuffed with an £8m bid, but Tottenham have since seen their £10m offer accepted.
Reds manager Brendan Rodgers is now weighing up a second offer for the Neath-born star.
Swansea are hopeful that selling Davies to Spurs could aid their attempts to sign Gylfi Sigurdsson, 24.
Icelandic attacking midfielder Sigurdsson, who has two years left to run on his current Tottenham contract, scored seven goals in 19 matches while on loan at Swansea in 2012.