SportBild reported in their print edition, as reported by Sport Witness, that Tottenham are interested in the Danish defender – who could be available for a fee in the region of €15 million (£11.7 million) from current club Werder Bremen this summer.
It is now being reported that he will be heading to Bundesliga rivals Borussia Monchengladbach.
Bild reports today that Vestergaard wants to stay in Germany and that Gladbach are already in talks with Bremen over a deal.
His agent Gordon Stipic told the German daily:
"There were deals last summer for Jannik. But at the time we agreed with Werder together on continuing the path in Bremen.
“But I have never made a secret of the fact that he will eventually enter the time for the next step. That time has come. Borussia Mönchengladbach shows very strong interest in Jannik."
So it looks as though the talented 6ft 6ins Dane will be remaining in the Bundesliga for next season and not heading to Tottenham.
Not that it is a great loss.
Vestergaard is a brilliant player, of that there is no doubt, but he is hardly needed at Spurs who have plenty of options at centre-back already.
So whilst Tottenham might have missed out on a player they had been keeping tabs on, it is unlikely that Vestergaard was a crucial target.