The Premier League's big guns have all been linked with the tricky England international winger, who is a huge part of the Villa side, and were being mooted to make a bid in the New Year window.
However, despite the fact Young only has 18 months on his current deal and reports now suggesting he has snubbed a new extension offer, it seems Villa owner Randy Lerner will not sanction his sale in order to show the club's supporters he remains as ambitious as ever to bring success to them.
If the 25-year-old stays put until next summer and fails to agree new terms then clubs could offer a significantly reduced figure given that they know he will be available on a free in summer 2012.
It is thought Young will dig his heels in and see out his contract if Villa refuse to sell him amid claims that he would like to play in the Champions League - something Villa are unlikely to offer him in the near future.
Meanwhile Villa boss Gerard Houllier has confirmed that he hopes Young will have overcome his ankle injury in time for the Boxing Day home clash with Tottenham.
He said: "It's a medial ligament, grade one strain.
"Ashley should be OK for Tottenham, or at least he should be available."