Bristol Rovers insist Will Hoskins is not for sale after rejecting a 'ridiculously low' offer from Scunthorpe United.
Skysports.com revealed earlier in the week that the Iron had failed in a bid for the striker, who has scored 11 goals since joining Rovers last summer.
Pirates chairman Nick Higgs revealed Scunthorpe's offer for Hoskins, but stressed the League One club are not looking to cash in.
Higgs told the Bristol Evening Post: "I can confirm that Scunthorpe have made a ridiculously low offer for Will Hoskins.
"It isn't something we considered because Will is not for sale."
Scunthorpe boss Ian Baraclough has acknowledged an interest in Hoskins and expects several clubs will be keeping an eye on the former Watford forward.
"Will Hoskins is someone who I have admired now for a few years," said Baraclough in the Scunthorpe Telegraph.
"He is doing very well at League One level with Bristol Rovers. I am sure he is a player who will interest other clubs, not just us."