Bolton Wanderers have set their limit over a fee for Sporting Lisbon midfielder Miguel Veloso.

Wanderers remain interested in the 23-year-old midfielder but Gary Megson is reluctant to spend so much on the Portuguese international.

Veloso has been linked with Manchester United and Arsenal in the past and Sporting's valuation has already dropped since Everton bowed out of the chase when they were asked for £17million for the player in the January window.

According to the Manchester Evening News, Bolton are thought to be unwilling to go much beyond £10million as Veloso had a reported fall-out with Sporting coach Paulo Bento last season and is keen on a move.