Boss Karl Robinson has confirmed that MK Dons have rejected an estimated £1.5million bid for striker Sam Baldock from West Ham.
Hammers boss Sam Allardyce has made no secret of his interest in Baldock, having watched him score a hat-trick against Chesterfield last weekend before seeing the 22-year-old add to his tally with a terrific 20-yard strike in the Carling Cup at Norwich on Tuesday night.
Robinson admitted that an approach had been made, but remained tight-lipped on which club had made the bid.
"We have had an offer - an official offer. I believe that will be the first of many," Robinson told the club's official website. "We'll see what unfolds but sometimes it's money that you can't reject. I'd be disappointed to lose him but we will see what the next 24 hours brings. We will do our business in a sensible and respectful way.
"The chairman has been very good, we have a valuation on Sam that we feel the player deserves. He's been a remarkable servant for the club during his time here. He is one of ours he's come through the system.
"I would be disappointed if he went but we're a club that is very proud of our tradition in relation to letting players move on and do other things, it's a club that doesn't stand in the way of anybody."