In this article, we describe a spindle cell neoplasm harboring an EML4‐ALK gene fusion presenting as an intraosseous vertebral mass with extension into the adjacent soft tissue in a 65‐year‐old man. Histologically, the lesion was characterized by the presence of monotonous, cytologically bland spindle cells with loose myxoedematous stroma and interspersed areas of amianthoid‐like collagen fiber deposition. Immunohistochemistry demonstrated strong diffuse staining for CD34 and S100, with absent immunoreactivity for SOX10. At 1 year of follow‐up after resection, there is no evidence of local recurrence or metastatic disease. This case adds to the clinical and pathologic spectrum of the recently described group of kinase fusion‐positive spindle cell neoplasms and represents the first reported intra‐osseous example. The presence of ALK rearrangement in this lesion represents a potential therapeutic target, if clinically indicated.