Newcastle are ready to resist any attempt to lure James Milner away from St James' Park.
Reds boss Rafael Benitez is understood to have offered three reserve-team players in exchange for the England Under-21 international, a proposal which was met with disdain on Tyneside.
Newcastle's valuation of a player for whom they paid £3.6million when they bought him from home-town club Leeds during the summer of 2004 is thought to be worth considerably more.
However, the latest word from St James' is that manager Kevin Keegan is not looking to sell Milner, and that interest in Tottenham's Aaron Lennon is waning.
Milner, of course, spent the 2005-06 season on loan at Villa Park after then Newcastle boss Graeme Souness decided he was not needed on Tyneside.