Spurs boss Harry Redknapp hopes the chance to resurrect his England career will convince Richards to switch to White Hart Lane.
Tottenham had a £5million bid turned down for Richards three years ago and the player went on to sign a lucrative four-year deal at City.
He became England's youngest-ever defender when he played against Holland at the age of 18 years and 143 days in 2006. But he has not featured under England boss Fabio Capello and is out of favour at City.
He did not even make the bench for last weekend's 2-2 draw against Liverpool and City boss Mark Hughes is expected to let the youngster go in the January transfer window.
I always find it difficult to know what to make of rumours that appear in the press, primarily because I had a short spell writing the transfer rumour page for a news agency. The brief was very much 'avoid it being obvious, but not too ridiculous.'
This one I suppose fits the bill perfectly. Tottenham, a club perenially linked with signing players and Richards, dropped from the side and now out of he squad completely. Rumours also persist of Richard's supposed poor attitude and the coaching staffs displeasure with him.
Is Hughes ready to give up on him though? It won't be the first time Hughes has made a big call in terms of ridding the squad of a player that doesn't fit in with his ethos. Despite his struggles, I don't think there would be any shortage of interest for Richards from sides in the top half of the Premier League.
I'm yet to be wholly convinced Richards is on the way out though. I may be wrong, but it would still be a huge call to give up on a player who does potentially have so much upside.