Swansea City have rejected a bid from Manchester City for Scott Sinclair.

City returned with an improved offer yesterday, but it's understood this has been turned down by the Swans - who are determined to have their valuation of the player met.

Michael Laudrup would not confirm or deny that an offer had been rejected, but admits the deal could still happen.

He said: "I can't say, I really don't know where we are at the moment.

"Even if talks have broken down there is still time for everything to happen, I am not saying he will go, or he will stay.

"The point where we are now could change completely.

"From a manager's point of view, Scott is an important player and he plays in a position where we don't have that many players and if he leaves we need another one.

"That's the balancing act and the closer we get to the deadline the more difficult and shaky it will be."