Perhaps, but then Levy might say in reply: "Fine, in that case you'll play in the reserves all season ... and there you can score all the own goals you like and massively damage your professional reputation in the process".
It's not wise to under-estimate Levy's potential willingness to play hardball in these situations. His resolve has been stiffened by the Berbatov saga.
I'm not saying that any of this is necessarily going to happen. Indeed, I'm not even entirely convinced that Alderweireld won't end up signing the new contract with Spurs. It's all just speculation as to possibilities.
Like hell he will say that....Spurs need to money to pay for the stadium and the fact they can barely pay the going rate in wages he is unlikely to waste/de value a player.