"(Stambouli) will travel to London shortly to have a medical and finalise his contract," Montpellier said in a statement on their website.
The 24-year-old would become Spurs manager Mauricio Pochettino's sixth signing since he replaced Tim Sherwood in the close season, after Ben Davies, Michel Vorm, Eric Dier, DeAndre Yedlin and Federico Fazio also joined the London club.
Tottenham, who have won their opening two Premier League games, face Liverpool at home on Sunday.
(Reporting by Toby Davis; editing by Ken Ferris)
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