Gunners boss Arsene Wenger is a long-standing admirer of the 25-year-old who looks likely to leave the Amsterdam Arena at the end of the season with the Premier League his likely destination.
The versatile Belgium international is entering the final year of his contract at the Eredivisie Champions and is reportedly ready for a fresh challenge after spending nine-years with the club.
It’s thought he will be available for a cut-price £7 million with manager Frank de Boer unwilling to lose his prized asset for nothing next season.
But Wenger’s hopes of signing the 25-year-old have suffered a serious blow after Spurs firmed up their interest in the defender and will challenge their North London rivals for his signature.
Harry Redknapp is desperate to strengthen is defensive options with William Gallas approaching his mid-thirties and Ledley King’s chronic knee problems restricting him to just one game per week.
With Spurs definitely playing European football next year the 65-year-old knows he needs to reinforce his back line and Vertonghen comes with a high pedigree.
However the Belgian international would require Champions League football and that could hamper Redknapp’s pursuit and hand the advantage to his Arsenal counterpart.
The Gunners currently sit third in the table and are all but nailed on to claim a place on Europe’s top table whilst Tottenham’s inclusion is currently under threat with Newcastle breathing down their necks.
With fellow Belgian Thomas Vermaelen also plying his trade at the Emirates Stadium it’s rumoured that Vertonghen, who can also play in midfield, wants to link up with his former Ajax teammate again.
Newcastle, Chelsea and Manchester City are all thought to be monitoring his situation.