Primera Division new boys Real Betis insist Achille Emana is not for sale.
Tottenham, Everton and Wigan Athletic have been linked with the Cameroon international.
Betis' director of sport Vlada Stosic confirmed the bid did not meet their valuation.
"We had an offer for Emana, but we rejected it," said Stosic.
"We said no because we think Achille has a higher value in the market."