Sanchez has failed to convince despite being at Spurs since 2017 and the club are open to offers for him this summer.
With only a year left on his contract, the north London club want to sell the centre-back before the transfer window closes in September.
Galatasaray have already made an approach to sign the defender this summer but he is also attracting interest from the Netherlands.
According to Dutch magazine Voetbal International, the Colombian has emerged as a target for PSV Eindhoven.
The Dutch giants are looking for a centre-back this summer and they are considering a move for the Spurs defender.
Sanchez made a name for himself in the Netherlands at Ajax and remains a coveted player in the Dutch Eredivisie.
PSV are mulling over trying to sign him but a move for the Colombian is still not imminent.
The Dutch giants need to sell a player such as Ibrahim Sangare before having the money to fund a move for the Tottenham defender.