VfB Stuttgart have rejected a new bid from Bayern Munich for Nick Woltemade.
Bayern are attempting to prise the centre-forward away from VfB this summer.
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However, Sky Deutschland says their latest offer of €40m plus €5m in bonuses has fallen short of VfB's valuation.
The Swabians are insisting Woltemade won't leave for less than €80m. Woltemade's deal runs to 2028 and doesn't carry a buyout clause.
VfB are expecting Bayern to try again for the Germany U21 international next week.