Queens Park Rangers have rejected a bid from Championship rivals Wolves for Mikele Leigertwood, skysports.com understands.
As revealed by skysports.com last week Wolves are one of three clubs chasing Leigertwood in this month's transfer window.
Wolves boss Mick McCarthy is thought to be an admirer of Leigertwood and he made a firm offer for the versatile performer earlier this week.
However, Rangers have snubbed their initial overtures as they look to keep hold of the 26-year-old.
Wolves are believed to be ready to make a new bid to sign the former Crystal Palace and Sheffield United ace as they look to persuade Rangers to do business.