Tottenham target Memphis Depay signs new four-year deal with PSV Eindhoven

Dutch national team player Memphis Depay vies with Ecuador's Jorge Guagua and Juan Paredes during the friendly football match between Holland and Ecuador in Amsterdam, the Netherlands, on May 17, 2014
© Getty Images
Memphis Depay signs a new contract with PSV Eindhoven, despite reported interest from Tottenham Hotspur.

Tottenham Hotspur have lost out on signing Memphis Depay from PSV Eindhoven after the winger signed a new deal with the Dutch club.

The North London outfit were reported to have sealed a £10m deal for the player at the start of this month.

However, the Dutch club have announced that the 20-year-old has put pen to paper on a new four-year contract.

Depay found the back of the net 12 times for the club last season.

Dutch national team player Memphis Depay vies with Ecuador's Jorge Guagua and Juan Paredes during the friendly football match between Holland and Ecuador in Amsterdam, the Netherlands, on May 17, 2014
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