The youngster was one of the standout players at the Stadium mk this season, making 37 appearances and scoring 7 goals despite only turning 18-years-old in April.
His form has seen him capped by both England Under-17s and Under-18s, as well as seizing the attention of as illustrious a group of clubs as a player can in this country.
Manchester City, Manchester United, Chelsea, Arsenal and Liverpool are all credited with taking an interest in Alli, and if one club make a bid it is likely a transfer war will begin.
Dons boss Karl Robinson has previously told the media how highly he rates his young star, saying: "I've said from the word go, he's as good as it gets and he's the best young player I've ever worked with.
"The kid is destined to be a great, great player."
Sky Sports is reporting that there are likely to be bids for Alli this summer, and though the club are reluctant to lose the youngster, they would find a bid of £5 million hard to resist