Tottenham FC transfer news: Borussia Monchengladbach set to launch £12m move for Vincent Janssen

Borussia Monchengladbach are putting together a formal offer of £12m for Tottenham striker Vincent Janssen.

The German club's interest in the Dutchman has been reported in recent days and they are ready to provide him with a route out of London.

Gladbach are fans of the 23-year-old and believe he could thrive in the Bundesliga if given time to settle.

The German side are ready to firm up their interest now too with an offer that, according to Bild, will be around £12m.

That amount may well prove too low for Tottenham, though, who coughed up £17m only a year ago to sign Janssen from AZ Alkmaar.

However, Gladbach will argue the player's value has dropped over the past year after he managed just two Premier League goals last season.