Leeds United have rejected two approaches from Premier League clubs for rising star Fabian Delph.
The teenage midfielder has previously been the subject of a bid from Newcastle United, while Arsenal and Manchester United have been linked with offers.
Chairman Ken Bates confirmed the offers for Delph and insists the League One club are not looking to sell the 19-year-old.
"We explained to both clubs that we don't deal in petty cash and they were Premiership clubs as well," Bates told Yorkshire Radio.
"We don't want to sell Fabian.
"He's happy, we're happy Fabian stays, and unless something unexpected out of the blue happens which we can't forecast, we want him to take us back into the Premiership."
Best of both worlds
Bates also hinted that Leeds could make the loan moves of Lee Trundle, Richard Naylor and Carl Dickinson permanent, if the trio impress manager Simon Grayson.
He added: "We've always said we would need to strengthen our defence in January.
"By taking players on loan we're solving the immediate problem and it gives us time to assess their capabilities, and look at players here who may be surplus to requirements, before making any permanent decisions.
"This gives us the best of both worlds."