Leeds United hopes of a multi-million pound windfall from Tottenham selling Danny Rose have gone up in smoke today.

The left-back, 29, has vowed to remain at Spurs until his contract expires in 18 months even though the club have told him he will not get a new deal.

A Leeds source has told Football Insider the club now accept their chances of benefiting from the sell-on clause negotiated 12 years ago could now be crushed.

Leeds stand to benefit if Rose leaves Tottenham due to the sell-on terms incorporated in the transfer that took him from Elland Road to White Hart Lane as a 17-year-old in the summer of 2007.

A clause in the deal means Leeds are entitled to 10 per cent of any profit made on Rose’s sale.

Tottenham were keen on selling Rose in the summer – he was linked with clubs in Italy and Germany as well as Watford – after pricing him in the £25million range.

That would have handed Leeds a £2.5 windfall for their academy product.

Now Rose has gone public to explain how he sees his future at Tottenham ahead of the January transfer window.

“It’s pretty obvious what happened [in the summer],” he said to the Evening Standard. “People upstairs at Tottenham were trying to do what they were trying to do. I’ve said [to them] I’ve got 18 months left on my contract and I’m not going anywhere until my contract has ­finished.

“In January, you’re probably going to hear something [about my future]. I’m telling you right now that I’m not going anywhere until my contract is finished.

“[Tottenham chairman] Daniel Levy told me in the summer there was no new contract for me at Tottenham, which is fine. I respect that.”

Rose has been Spurs’ regular left-back this season during what has been a wretched start to the campaign for the club.

He has started nine of their 12 Premier League fixtures as well as two of their four Champions League matches.

In other Leeds United news, it can be REVEALED that Marcelo Bielsa has held showdown talks with player with star role in back-to-back wins.