Sky Sports News understands Bournemouth striker Brett Pitman has rejected the initial offer of personal terms at Blackpool.
Pitman has been holding talks regarding a move to Bloomfield Road after Blackpool saw a reported £600,000 offer accepted by Bournemouth earlier in the week.
Seasiders boss Ian Holloway was hoping to have Pitman in his squad for Saturday's trip to Arsenal, but a deal has yet to be agreed.
The negotiations are expected to continue and Holloway outlined the qualities he expects the 22-year-old to bring to his squad if a deal can be finalised.
Fresh and hungry
"I haven't been involved in the negotiations - I have left that to my chairman ... or whatever his new title is!" said Holloway.
"But I will pleased if it gets done and I think Brett epitomises us - a bunch of people who want to make a name for ourselves.
"I think Brett is fresh and hungry, and wants a chance at a higher level. I believe he can score at any level and I want to give him that opportunity. He plays with style, is a great finisher and has a great technique.
"I don't really care where he started - it is where he is going to that matters.
"I think he will relish this challenge, along with the rest of my lads. You might say it's a leap from League One to the Premier League, but look at Ian Wright."