Manchester United have had a record-breaking €140 million offer for Gareth Bale rejected by Real Madrid according to reports in Spain.
Cadena Cope claim that Real Madrid president Florentino Perez rejected the offer out of hand and has no intention of selling the Welshman, who endured a difficult second season at the Bernabeu last time round.
The Red Devils do seem to have a better chance of completing a move for Sergio Ramos however - Cope say that Perez will give the deal the green light if Manchester United match his asking price.
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Bale left the Premier League to join Madrid in 2013 for a world record fee of £82 million and helped the Spanish giants win the Champions League and the Copa del Rey - however the 2014/15 campaign didn't go anywhere near as well.
The winger was booed by sections of his own fans after a string of below-par performances, while some even attacked his car at Real Madrid's training ground after a woeful effort in the Champions League against Juventus.
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Manchester United have been linked with a move for the 25-year-old for some time now having tried to sign him when he left Spurs, however it seems that they are willing to try their luck again. Cope journalist Manu Carreño says Perez has 'made it clear' that the Red Devils' pursuit of Bale is futile - despite the fact their offer would shatter the world transfer record.
The club transfer record currently stands at £59.7 million which they forked out for Angel di Maria from Real Madrid last summer - but the offer for Bale is worth roughly £100 million, around £18 million more than the current record.
Real Madrid view Bale as the long-term successor to Cristiano Ronaldo, who has also been linked with a move to Old Trafford as well as Paris Saint-Germain, and are under no pressure to sell anytime soon.
That means it's back to the drawing board for Manchester United and Louis van Gaal as they look to build a squad capable of challenging at home as well as in the Champions League next season.
Memphis Depay has already signed on the dotted line and has begun pre-season training with his new team, and Van Gaal will be hoping he can make a move for Ramos soon.
The Spanish defender is said to have told his current employers that he wants to leave for Manchester United, who have had one offer of around £28 million rejected already. Perez is said to be holding out for a fee of around €65 million before commissioning a sale, although Real Madrid's interest in David de Gea further complicates the issue.