Huddlestone, 23, has been a fixture in the Spurs side since Redknapp took over two years ago. His form saw him handed a spot in the provisional 30-man squad for World Cup 2010 and also a place in Fabio Capello's squad for tonight's Euro 2012 qualifier against Montenegro.
Speaking to his club's official website, the ex-Portsmouth boss hailed the options Huddlestone gives him.
Redknapp said: "Tom's done great for us.
"He's a great passer of the ball, he can pick players out, he keeps possession for you. He's got everything, really.
"He made some great blocks for us in the game against FC Twente.
"Just as players were about to unload from the edge of the penalty box, Tom came in and made some fantastic stops for us. He's added that to his game as well, the defensive side is better.
"I have said to him that he has to hold and give us stability as everyone else is looking to bomb forward. He's a clever player and understands the game well."
The 63-year-old added: "He's a fantastic passer of the ball with both feet.
"He doesn't know if he's left-footed or right-footed, they feel exactly the same, which is amazing and a great advantage when players try to close you down.
"They think ‘we'll close him, keep him on his right' or on his left, whatever, but they can't with him. It gives him so many more options."