Tottenham winger Townsend is wanted by Aston Villa, Sunderland and Newcastle United.
However, the winger himself does not want to leave, and it is stated that he wants to prove to Mauricio Pochettino he can play a key role for the Lilywhites this season.
Townsend, 24, needs to be playing first-team football this campaign if his international ambitions are to be achieved, with his place in the England squad under threat heading into a season with Euro 2016 at the end.
He returned to full training last week after an injury over the summer which ruined his pre-season preparations, and Pochettino is looking to bring in a new wide forward before the transfer window closes.
Clinton N’JIe looks to be heading to the club, and with him able to play all three positions in the attack, Townsend place will be under further threat.
The report states that Aston Villa, Newcastle and Sunderland are still all looking to bring him in this summer, but it is not known whether they are willing to match the asking price.
£12 million is a lot for a player who has consistently flattered to deceive, and although Villa boss Tim Sherwood has had success with Townsend before, he may consider the price too high.
Sunderland and Newcastle are both looking for more attacking players this summer, and as the window draws to a close, they may be tempted to splash the cash of Townsend if other options run out.
However, the player wants to stay at White Hart Lane, and he is convinced he can break back into the team, meaning he may reject the chance to leave North London even if Spurs accept an offer for his services.