Arsenal are interested in England prospect Abdul Abdulmalik.
Teenage England under-17 forward Abdulmalik's contract expired this week but he remains unable to join a new club with Millwall digging their heels in and so far refusing to negotiate with interested parties.
Swansea's highest offer was a structured package worth around £200,000 with further add-ons.
Millwall have attempted to persuade Abdulmalik to stay by offering him a new deal, but their proposal is considered derisory and not reflective of club claims that the 18 year-old has a big future at The Den.
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