The surprise Premier League leaders have just one fit central defender in Sebastien Bassong, with both Jonathan Woodgate and Michael Dawson injured and, captain, Ledley King unable to play two matches in quick succession.
And as a result, manager Harry Redknapp is believed to be weighing up a move for 25-year-old Chavez, who is thought to have been highly recommended by fellow countryman Wilson Palacios.
Chavez, who has been capped 23 times by Honduras, currently plies his trade in his homeland with Platense, who are thought to have already agreed terms with Spurs.
But although Barry McIntosh, the player's representitive, confirmed interest in his services, he declined to reveal which club.
"There is interest in Osman, but we cannot go into any details at this stage," McIntosh told skysports.com.
However, Chavez revealed that the opportunity to partner his international team-mate at White Hart Lane would be too good an opportunity to turn down.
"Who would not like to play with Wilson and for a team like Tottenham?" he said.
"It is a challenge to participate in a league as important as the English one.
"I thank God I have been able to start for the national side and show what I can do, as my performances during the World Cup qualifiers have spoken for themselves."
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