Eintracht Frankfurt have rejected Paris Saint-Germain’s £68.6m (€80m) offer for striker Randal Kolo Muani.
The decision was relayed to PSG directly by Frankfurt sporting director Markus Krosche.
Negotiations are continuing, with Frankfurt holding out for a figure closer to £85.8m (€100m). Muani wants to join PSG.
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Hugo Ekitike’s name is also attached to negotiations.
Sky Sports News understands there are a number of other clubs tracking Ekitike’s situation, including Brentford.