Townsend has fallen out of favour at White Hart Lane, making only three substitute appearances in the league this season, and was involved in a bust up with fitness coach Nathan Gardiner last month.
The England international appears set to leave Spurs in January in a bid to regain his place in Roy Hodgson’s squad ahead of Euro 2016 this summer.
And according to the Daily Mail, Villa, Newcastle and Southampton are leading the chase, while Bournemouth and Watford are also interested in the 24-year-old.
It is understood Tottenham want £15million for the winger, meaning a loan move with a view to making the deal permanent is the most likely option, with many of those clubs fighting relegation.