Benfica have told Manchester United and other interested parties that they will not consider any offer for Enzo Perez unless his €30m release clause is met, reports O Jogo.
According to the Portuguese newspaper, Valencia have opened the bidding for the 28-year-old star at €25m, but have been rebuffed by Benfica president Luis Felipe Vieira.
Vieira is not willing to consider bids for Perez and has told all interested parties that they will only sell him if they are forced to. Perez currently has a €30m release clause written into his contract.
The president was also forced to deliver the same message to Manchester United in recent weeks. Officials from Old Trafford contacted their Benfica counterparts to ask them what they needed to do to sign the player.
Manchester United were emphatically told that they player isn't leaving and it now seems that Valencia have stepped ahead in the race.
O Jogo claim Manchester United remain on the prowl and will keep an eye on Valencia's negotiations.
Valencia's new owner Peter Lim, who is worth a reported €1.2bn is commissioning a big summer overhaul but has, as of yet, refused to go higher than their original €25m bid.
Perez impressed for Benfica last season with his deep-lying antics impressing the large number of scouts present as the Estadio de Luz last season.
The most impressive performances were reserved for the Europa League where he averaged an 88.5% pass completion rate.
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