Watford have rejected a £4 million offer from Fulham for striker Marlon King.
Hornets chief executive Mark Ashton told the club's official website: "Fulham have made a bid for Marlon King.
"We have stated our position on Marlon; he is our leading goalscorer and one of the spearheads of our team.
"We have no need to sell him and neither do we want to."