Spurs have been chasing the Brazilian international for more than 18 months, and they have seen a couple of moves for him fail to materialise.
The Internacional striker is being strongly tipped to move to Spurs again this summer, but it has been suggested that their failure to make the top-four could hamper their bid.
Whilst Damiao admits he would rather play in the Champions League, 'ambition' is the key factor for any suitor.
"I know of Tottenham's interest in me but I am happy to wait until the president of my club lets me know something official," he told the Sunday Mirror.
"I would prefer to play in a team that is in the Champions League, but the most important thing is that they share the same ambition that I have."
Damiao is set to feature for Brazil against England on Sunday, and he has delivered a damning verdict on the Three Lions.
"I don't see that there is any reason to fear England at the World Cup," said Damiao.
"Brazil always expect to win the World Cup - and even more so when it is being staged in our own country.
"And when you look at the nations who are a threat to us doing that, we don't see England as one of them.
"Spain have dominated lately and Germany are clearly also a very powerful team. They are the teams who I think will be our major competition. I do not rate England to be anywhere near that level.
"The Premier League is one of the best in the world - but maybe that does not help England.
"It is a very rich league and clubs can afford to buy the best players in the world.
"Here in Brazil there is a big emphasis on developing players that maybe you don't get in England."