Schalke have rejected a first offer for Malick Thiaw.
The defender is being tracked by Liverpool and AC Milan this month.
BILD says Milan have failed with an opening offer of €6.5m for the youngster.
Schalke are seeking over €10m to sell Thiaw before next week's transfer deadline.
Liverpool and Everton are also watching developments and could now move for the 20 year-old themselves. Thiaw has a deal with S04 to 2024.