Newcastle United have seen a £50million offer for Wolves striker Jorgen Strand Larsen turned down.
The Magpies are keen on the Norwegian international, who joined Wolves from La Liga side Celta Vigo – initially on loan – before completing a permanent move at the start of last month.
However, Wolves have no interest in selling the 25-year-old, and sources close to the club believe Newcastle are unlikely to meet their valuation during this transfer window.
Strand Larsen, who netted 14 goals in 35 Premier League appearances last season, is among the strikers being considered by Newcastle as they look for attacking reinforcements.