Reports over recent days have linked the 23-year-old with a move away from White Hart Lane, with QPR and Southampton having been touted as potential suitors.
Saints - Spurs manager Mauricio Pochettino's old club - have been said to be considering a £10million move for Townsend, but it is understood the Argentinian coach is not interested in letting the player leave.
Townsend came on as a substitute in Spurs' opening-day win over West Ham on Saturday, making his competitive comeback from the ankle injury which ended his chances of going to the World Cup.
The winger burst onto the scene last season after several loan spells away from Spurs, making his breakthrough for both club and country.
He was a key figure in getting England to the World Cup but then a loss of both form and fitness in the new year saw his impact reduced.
Source : PA
Source: PA