The Red Devils are 6/4 as they lead Barcelona and Chelsea by some distance in the bookies market.
The Catalan giants are second favourites at 4/1, while he is 6/1 for a switch to the Blues.
The Belgium international watched from the bench at the Emirates as Arsenal blew Tottenham away 4-2 in the North London derby.
Alex Apati of Ladbrokes said: "United are crying out for a world class centre-half – and with it now looking increasingly likely that this will be Alderweireld's last season with Spurs, we reckon a mega money move to Manchester could be on the cards."
Jose Mourinho has made his frustrations public this term after the club failed to sign a new centre back last summer.
Ladbrokes: Toby Alderweireld next club
Man United – 6/4
Barcelona – 4/1
Chelsea – 6/1
The Red Devils' disappointing 2-2 draw against Southampton highlighted their desperation for defensive reinforcements.
As Phil Jones lined up in defence alongside midfielders Nemanja Matic and Scott McTominay at St Mary's.
Man Utd have been linked with Alderweireld in recent years as he is still yet to commit his future to Spurs.
The 29-year-old's contract expires in the summer but Spurs have the option to extend his contract by one year.
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