Watford have reportedly rejected an exchange offer from West Bromwich Albion.

The Daily Mail reports that the Hornets have turned down a £20million deal involving a player swap between Odion Ighalo and Baggies striker Saido Berahino.

Albion want to offload Berahino, 22, for the aforementioned fee but Watford have Ighalo at a greater value and are in no hurry to sell the Nigerian.

It is understood that the Hornets have held talks regarding Berahino but if any deal were to be done, it would not involve Ighalo.