Blackpool have confirmed a bid has been received from Liverpool for Charlie Adam.
But chairman Karl Oyston it still falls short of their valuation.
Oyston added on BBC Radio Lancashire: "We received a verbal bid of £4million [from Liverpool] for Charlie on Friday, but it doesn't change the situation.
"He's still a player who is under contract with Blackpool and Liverpool's offer only matches previous offers we have recently turned down from Aston Villa."
