Italian Serie A giants, Inter Milan have rejected Chelsea’s £85m bid for striker Romelu Lukaku.
Lukaku, 28, is at the head of Chelsea’s search for a new forward after Borussia Dortmund ruled out selling striker Erling Braut Haaland this summer amid interest from the Blues.
While Inter’s owners are wrestling with major financial issues, they are determined to keep hold of the Belgian, reports BBC.
Lukaku, a former Chelsea player, was a pivotal figure last season as Inter won their first Serie A title since 2010.
It is understood Chelsea were willing to include Spanish defender Marcos Alonso in the deal.
It remains to be seen whether the Champions League winners will make a higher offer, although Inter believe they are capable of resisting it and Lukaku has previously spoken about his intention to stay at the club.