Tottenham striker Jermain Defoe will sign for Toronto FC on Monday, according to reports in Canada.

Defoe has long been tipped to join the ambitious Major League Soccer side where his one-time Spurs team-mate Ryan Nelsen is now head coach. It is understood that the 31-year-old will fly to Canada over the weekend, when he will finalize the move and put pen to paper. After completing the deal, he is expected to be loaned back to Tottenham until March 1, when he will officially become a Toronto player, two weeks ahead of the club's opening MLS match against Seattle.

The England international was not mentioned by name on Toronto's official website but a teasing image on its homepage talked up an imminent "big deal." Defoe has spent nine years split across two spells with Tottenham, where his tally of 142 goals ranks him fifth among the club's all-time leading scorers.

He has scored nine this season but all but two of those have come in the Europa League, with Roberto Soldado and, more recently, Emmanuel Adebayor preferred in the starting lineup. Reports in Canada claim that Toronto will pay Spurs around £6million for Defoe, whose current deal had 18 months left to run.

Toronto are also understood to be putting the finishing touches to a move for USA midfield star Michael Bradley from Italian side Roma. The total cost of both deals would be in excess of $100million (£608,000) and would represent two of the biggest transfers ever seen in MLS.