Newcastle United have rejected, according to British media reports, a major Tottenham Hotspur bid for Italian midfielder Sandro Tonali during the summer transfer window.
The reported offer was in the region of £75 million to £80 million, while Newcastle are said to be holding out for a higher valuation of around £100 million.
Tonali is tied to a long-term Newcastle contract until 2029, with an option for a further year, giving the club a strong negotiating position amid wider interest in the midfielder.
There has been no official announcement from Newcastle or Tottenham regarding a deal, so the situation remains based on media reports, with Spurs potentially able to return with an improved proposal.
Tonali is viewed as a high-level midfield target because of his Premier League and Italian football experience, making his future one of the notable transfer stories of the window.