Roy Hodgson is looking to bolster the squad with at least two more signings before the end of the transfer window and he has earmarked the 25-year-old midfielder as an ideal candidate.
The Spaniard spent last season on loan at Cardiff City where he impressed heavily. Camarasa was arguably one of their best performers, where he scored five goals and provided four assists in the Premier League last season.
Spurs are heavily keen to sign Giovani Lo Celso from Betis but they have struggled in brokering a deal for the Argentine.
The Eagles have opened talks with Olympiacos to sign their right-back Omar Elabdellaoui as well.