CONFIG_ARCH_VERSATILE is not available for thedefaultarchitecture x86.
Result is shown for architecture arm

Versatile

configname: CONFIG_ARCH_VERSATILE

ARM system type
└─>Versatile
In linux kernel since version 2.6.12  
This enables support for ARM Ltd Versatile board.


depends
 or CONFIG_ARCH_MULTI_V5

is selected by
CONFIG_CLK_VEXPRESS_OSC