Young has been on Redknapp's radar for a while now and has told Villa he is unwilling to sign a new contract until next summer, leaving him with just one year on his existing terms.
The report claims that a possible swap deal may be on the agenda, as it is believed that there are worries about Lennon's form following a tough World Cup.
Spurs are set to spark increased interest in Young, with Liverpool also tracking the England player.
Young has been included in Fabio Capello's 23-man squad for England's forthcoming friendly with France, whereas Lennon has not.
Younh would make Spurs best Attacking force in the league with Bale VDV they be scoring for fun
Lennon is a flop....Young is world-class just watch the game against manchester united
Lennon was so promising a few years ago, What happened?
he is still very young lack of opportuities at Spurs