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The Argentina striker was stretchered off five minutes from time in his side’s 3-2 victory in Istanbul on Thursday.
Icardi, 31, went down in pain as he attempted to close down a pass from Tottenham goalkeeper Fraser Forster.
The Turkish club say the former Paris St-Germain striker will now undergo “pre-operative rehabilitation” before an operation on his right knee.
Recovery time from anterior cruciate ligament tears range from six to nine months.
Icardi moved to Turkey in 2022 on a season-long loan deal from Paris St-Germain and completed a permanent move a year later.
He has scored 61 times in 86 appearances for the Istanbul club.
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