Bournemouth chairman Eddie Mitchell says the club are not planning to make an improved bid to sign Crawley Town striker Matt Tubbs.
Sky Sports revealed on Tuesday that the Cherries had failed with an offer for Tubbs, who has scored 17 goals in all competitions for Crawley.
The League Two leaders reportedly want £500,000 for Tubbs, who spent a loan spell at Bournemouth in 2008, but Mitchell will not be making a fresh offer.
"We made a bid for him and they turned it down," Mitchell told the Daily Echo.
"We offered our best price first time round and they said they wanted more. We felt we offered a fair price."
The Cherries are hoping to bring in a new forward during the transfer window and Mitchell confirmed the club are interested in a player in the Championship.
He added: "We want one more addition, another striker to complement the ones we have got, and are hoping to bring in someone soon.
"We were hoping to get Tubbs and have also bid for a player at a Championship club but they are reluctant to let him go until they find a replacement. If they were to come back and say they have found somebody, there is every chance we would do the deal."