The 21-year-old is out of contract at the end of the season and will be allowed to agree a deal with a continental club in January.
Ajax hope their development programme can tempt the England Under-21 star to move to Amsterdam.
The Dutch giants face competition from Inter Milan, a club that Tom’s father Paul played for in the 90s.
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Since Guus Hiddink arrived at the helm, Chelsea have improved considerably after a tricky start to the campaign.
Newcastle United are staring down the barrel of relegation to the Championship for the second time in the past eight years.