Plymouth Argyle have had a bid for Gillingham's Matthew Jarvis rejected by the League One club.
The 20-year-old is considered one of the top prospects in League One, with the Kent-based club keen to ward off suitors for the young midfielder.
Jarvis has since turned down the offer of a new long-term deal with The Gills, with the youngster having attracted interest from The Pilgrims and Championship rivals Stoke City.
Plymouth's interest have since prompted Home Park boss Ian Holloway to table a bid for the young talent, but Gillingham have since turned down their latest advance.
"We made a bid but it got knocked back," Holloway said.
"I don't know about increasing the bid. That's not up to me.
"If we could have agreed something we could have borrowed him, but it doesn't look like that's going to be the case."
Holloway, meanwhile, is keen to keep hold of centre back Gary Sawyer, despite interest from Devon rivals Torquay United.
With Thursday's Football League loan deadline looming, Gulls manager Ian Atkins was keen to add Sawyer to his ranks for next month's busy Holiday fixture period.
However, the former Bristol Rovers and Queens Park Rangers is reluctant to let the 21-year-old leave Plymouth, with Frenchman Mathias Doumbe out with a knee injury.
"If I loaned him out, I would lose him for 28 days and I need him as cover," added Holloway.
"He was wanted by Torquay (on loan) and I might have done that because it is all about his development.
"Going to Exeter (City) for the past two seasons on loan has brought him on leaps and bounds."