The 19-year-old joined the Gunners from Feyenoord in 2010, but is yet to make an impression in the first-team squad. He's impressed in the under-18s and reserves but the Dutch clubs are looking to bring him back to the Eredivisie this summer.
Ebecilio is on a youth contract with Arsenal that expires at the end of the season, so he could leave for free in a few months time.
The report claims Arsene Wenger has tabled a one-year contract extension, but the teenager is yet to commit.
Described as an industrious midfielder, Ebecilio has become a fixture in the Arsenal reserve set-up, making 16 appearances so far this term.
He featured at the 2011 under-17 European Championships, and was excellent for Holland, winning the Golden Player award as the tournament's best performer.
The Rotterdam-born starlet is the cousin of Chelsea's Jeffrey Bruma, another who's been linked with a move away from the Premier League.
Bruma is currently on loan in the Bundesliga with Hamburg.