Manchester City and Manchester United are also fans of the 20-year-old England Under 21 star, but are unsure about making an offer in this window.
London calling: Both Chelsea and Tottenham are interested in Jack Rodwell
Chelsea owner Roman Abramovich wants to bring in exciting young talent alongside experienced targets such as Luka Modric.
Tottenham manager Harry Redknapp wants a defender who can play in midfield and Rodwell, who started at centre half, fits the bill.
Everton need money if they are to give David Moyes any semblance of a chance of breaking into the top five again next season and selling Rodwell, who is valued at £25million, represents their best chance.
Hot property: Rodwell is currently playing for England Under 21s in Denmark
Valencia have been linked with Mikel Arteta and Arsenal like Leighton Baines and Phil Jagielka but Everton would want close to £20m each for their England defenders - making a deal unlikely.
Chelsea have targeted other youngsters such as Anderlecht's Romelu Lukaku, Ajax's Christian Eriksen and Kevin de Bruyne of Genk.
Spurs also still want Scott Parker and Brazilian starlet Damiao of Internacional.
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