Skysports.com understands Hull City have rejected a bid from Championship rivals Leicester for Cameron Stewart.
Foxes boss Nigel Pearson is keen to raid his old club for Stewart having signed the former Manchester United youngster during his time in charge at the KC Stadium.
The 20-year-old winger is back to full fitness after a long-term knee injury and has impressed upon his return to the Hull side.
Pearson has made a new winger one of his priorities during this month's transfer window and Stewart is thought to be his top target.
Leicester are believed to have tabled an offer for Stewart which was immediately rebuffed by Hull.
Hull are keen to keep hold of Stewart as they look to mount a bid for promotion in the second half of the season.