D'Alessandro is thought to be unhappy at Wolfsburg and is looking to leave the German outfit.
Tottenham are understood to be leading the chase for the playmaker's signature with D'Alessandro's agent Marcelo Simonian revealing he has held talks with the White Hart Lane outfit.
"I have talked with Frank Arnesen and Spurs are interested in the player but there are a lot of things still to sort out," said Simonian.
"The Germans are not making things easy. They want the same money they paid River Plate for him two years ago."
D'Alessandro is attracted by the opportunity to play in England and feels he would have no problems adapting to The Premiership.
"The Premiership is hard but that doesn't frighten me. I am someone who likes challenges," said D'Alessandro.
"A South American player can triumph in England and Spurs have a good history of this with Osvaldo Ardiles.
"Things haven't gone so well for Juan Veron, Hernan Crespo and Diego Forlan, but that doesn't mean I won't be a success."
He is a great player imo (in my opinion). A player that would be of benefit when it comes to the flair side of our game. He would add a new dimension and craft not seen at the Lane since the days of Ginola.
I hope there are truths to these rumours.