 Crouch was Portsmouth's top scorer with 16 goals last season
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Tottenham have agreed a deal with Portsmouth to sign striker Peter Crouch for an undisclosed fee.
The 28-year-old England international has agreed personal terms and passed a medical at White Hart Lane.
A statement on the Portsmouth website has indicated that Crouch's sale was dictated by financial issues affecting the south coast club.
Crouch is returning to the club where he began his career as a trainee after opting against a move to Sunderland.
The fee for Crouch is believed to be in the region of £10m and the contract thought to be for five years and worth £70,000 a week.
Crouch scored 16 goals in all competitions for Portsmouth last season and in a club statement, Pompey acknowledged the necessity of his sale.
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"His sale was necessitated by the club's commitment to repay scheduled debts while we are in a transitional period of completing the takeover," said a spokesman on the club's website.
Pompey announced on 21 July they have agreed in principle to a takeover by United Arab Emirates tycoon Sulaiman Al Fahim, after the 32-year-old passed the Premier League's fit and proper person test.
The statement also states that the club will now look to "add fresh faces to the first-team squad as soon as possible."
BBC Sport understands that Crouch's arrival is likely to clear the way for the departure from Spurs of striker Darren Bent, who was scheduled to join the rest of the squad on the plane for their pre-season tour to China but was a late withdrawal from the trip.
Bent has been a target of Sunderland, where Crouch rejected a £12m move last week after indicating a desire to remain in the south of England.
Tottenham will be the third club at which Crouch has played under manager Harry Redknapp, after spells with the 62-year-old at Southampton and Portsmouth in the past.
He will also link up with his former Pompey strike partner Jermain Defoe.
Crouch originally left Spurs in July 2000 to join Queens Park Rangers before moving to Portsmouth for his first spell at Fratton Park in 2001.
He has subsequently played for Aston Villa, Norwich (on loan), Southampton and Liverpool before re-joining Portsmouth in July 2008.
The 6ft 7in striker has played 34 times for Engalnd, scoring 16 goals.
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