Liverpool have failed with a bid for Espanyol winger Albert Riera.
The Reds are believed to have tabled an offer of around 12million euros (£9.5million), but that falls considerably short of the Primera Liga club's valuation.
He has missed out on Spain's squad for Euro 2008 but has impressed when given a chance with the national side, scoring a spectacular debut goal against Denmark in October 2007.
The winger has recently expressed his desire to secure a move to a bigger club but has been told in no uncertain terms that he will be going nowhere unless a substantially higher bid is received.
"We are very disappointed with the quotes made by the player last week," said Espanyol president Daniel Sanchez Llibre.
"If a player wants to leave then they should speak with the club, not the press.
"If a club wants to sign Riera then the price will be 24million euros (£19million), and that figure will not change."