The Egyptian moved to the Etihad Stadium from Eintracht Frankfurt in January 2025 and has gone on to play 62 times for City, scoring 16 goals.
The 27-year-old played a key role in helping City secure Champions League qualification at the end of the 2024/25 campaign.
Manchester United and Tottenham are battling it out with Fiorentina to sign Freiburg striker Igor Matanovic, according to reports in Italy
Omar joins the Club from Manchester City, and the deal includes an obligation to make the move permanent next summer.
Omar said: "It feels amazing to be here. I'm so excited to get started with the team and I can't wait to meet the fans.
The 22-year-old Spurs forward has experience in the Championship, League One and Scottish Premiership. An England youth international is a right-footed centre-forward is under contract at the North London club until June 2027.
So impressive last time out in N17 in our final pre-season match against Hoffenheim, the Academy graduate lit the flame again against Charlton in our Carabao Cup second round tie on Wednesday evening.
Sometimes a moment comes along that is absolutely perfect for a player, a football club and the fans.
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Fabrizio Romano has revealed that Aston Villa stalwart Emi Martinez has given the green light to his next move, after TEAMtalk revealed that the Argentina star has been offered to Chelsea and Tottenham Hotspur.