Birmingham City insists they're not under pressure to cash in on Demarai Gray.

The winger is being linked with Liverpool and Newcastle United this week and has been offered new terms by Brum.

The Birmingham Mail says the club's latest accounts released earlier this week revealed a £4.4million funding shortfall - and concern has grown that Blues would have to sell Gray in the January transfer window.

But the club insists they are not under any financial pressure to cash in on their crown jewel.