Reading have rejected a bid from West Ham for left-back Nicky Shorey.
The Hammers are keen to sign the England international after letting Paul Konchesky join Fulham and have offered £4million to Reading.
But, as revealed on Wednesday by skysports.com, Steve Coppell has knocked back the bid and described it as 'derisory'.
Coppell insists the offer was never considered seriously, and believes it was only made to unsettle Shorey.
"I can't deny West Ham have made an offer, but I look at the price of players and I consider the offer they made as derisory, not serious," Coppell told Reading's official website.
"It's an offer made to put the whole issue in the public domain, an invitation to cause unrest in a way."
Reading have not yet been able to tie Shorey to a new deal but Coppell remains hopeful that he will still be at The Madejski Stadium beyond Friday's transfer deadline.
He said: "I think the player is happy at Reading, but speculation about your future is bound to be unsettling.
"I hope he's playing for us on Saturday, let's see."