Tottenham Hotspur have been rebuffed in their pursuit of Bolton defender Gary Cahill, according to reports.
The Daily Mirror claim Spurs have offered David Bentley and Sebastian Bassong plus cash for the England international, but Daniel Levy has been told to come up with cash rather than players for the centre back.
Trotters boss Owen Coyle is keen to keep hold of the player this summer, although has admitted on several occasions that the club would consider selling for the right price. Arsenal's reported £6 million offer was flatly rejected last week.
Tottenham Hotspur are known to be in the market for a defender, with Harry Redknapp keen to strengthen his back-line alongside Michael Dawson at White Hart Lane.
Fitness concerns over Ledley King and William Gallas, coupled with the departure of Jonathan Woodgate, have left Spurs looking short in the position, with Cahill a player potentially capable of filling the void in north London.
It's thought Tottenham Hotspur would need to pay in the region of £17 million to secure the services of the player, and the north London club will have to move quickly with the transfer window deadline looming at 11pm tonight.