VfB Stuttgart have rejected an offer from Wolves for Sasa Kalajdzic.
A first bid from Wolves was received on Saturday, reports Sky Deutschland, which was for a base of €15m plus bonuses.
However, VfB rejected the proposal immediately.
The Swabians are demanding a flat fee of €25m to sell Kalajdzic.
Kalajdzic is not in the squad against FC Köln today at his own request.