Burnley have made an offer for PSV Eindhoven winger Johan Bakayoko.
Bakayoko has attracted interest from several Premier League clubs this summer.
But TMW says the Clarets have now made a firm move for the attacker, offering €20m to PSV.
But the Dutch giants deemed the offer too low and returned it to sender.
Burnley are expected to try again for Bakayoko before next week's transfer deadline.