The 20-year-old is looking for minutes as he tries to make France's 2026 World Cup squad.
He is yet to make his debut for the France national side but has won 20 caps and scored 12 goals for the Under-21 team.
Tel's loan move from Bayern was made permanent in the summer for a fee of £30m but he has struggled for starts under Thomas Frank despite making 18 appearances in all competitions this season.
Tel is also aware Spurs are looking to strengthen in January with another attacker or winger.
Both Manchester City's Savinho and Leipzig's Yan Diomande may prove difficult to acquire in January, but a move for either is not yet discounted and both can play in Tel's position.
One in, one out
Tottenham are unlikely to sanction a Tel exit without a replacement in mind.
The recent sale of Brennan Johnson to Crystal Palace and the thigh injury sustained by Mohammed Kudus has severely hampered Frank's attacking options.
As a result, the Spurs boss is adamant that Tel will be needed in the second half of the season.
“I think it’s pretty fair to say that we are maybe a little bit short on offensive options,” Frank said.
“I also think it’s fair, there’s no one who’s really grabbed that shirt on the left-hand side, so I think that’s definitely up for grabs. I think it was a positive performance from Mathys. I think he did some positive things and got into good situations.
"It’s also that fine balance of giving some players the trust for a run of games, so they can maybe hopefully find a bit of rhythm and also increase their performance level.
“Then the tactical approach of the opponents, which players fit to that and get the right mix and balance in the team, but Matty in general, was positive.”
The Frenchman enjoyed a bright start to life in north London under previous boss Ange Postecoglou, however his standing in the squad has slipped under Frank.
Tel was left out of Tottenham’s Champions League squad in September but was re-added in December after Dominic Solanke suffered an injury setback, a situation that is believed to have annoyed the winger.