Tottenham have had a club-record £38 million bid for Sergio Aguero turned down by Atletico Madrid.
The Argentinian international, who has been linked to Chelsea and city-rivals Real Madrid in the past month, is said to have been the subject of an offer from Spurs.
Sky Sports News report that Spurs have bid £38.5million for Aguero – but the bid was rejected, which does trigger his release clause but increased taxes in the UK mean the player would have to pay much more than that figure to buy himself out.
Hours earlier Atletico Madrid president Enrique Cerezo reiterared his commitment to keep Aguero at the club.
“It is unthinkable that Kun [Aguero’s nickname] can go,” he said.
“Players play where they want to play, and Kun and Diego Forlan want to play at Atletico Madrid.
“Offers, we have no offers, and we are not a selling club, we want to continue with these players that serve us well.”
Reports also claim that Tottenham have had bids for Athletic Bilabo’s Fernando Llorente, Villarreal’s Giuseppe Rossi and Sevilla’s Alvaro Negredo rejected as Spurs look to bring in a new striker before the close of the transfer window.