Osasuna have turned down an approach from Swansea City for striker Raoul Loé.
The 24 year-old Cameroon international has attracted an offer from Swansea this week - which was given short shrift by Osasuna management.
Swansea boss Michael Laudrup wanted to take Loe on a six-month loan with the option to buy.
While Osasuna rejected the offer, they informed Swansea representatives they'd be open to a summer deal worth €2 million.
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