Tottenham boss Juande Ramos is chasing Atletico Madrid striker Diego Forlan.
The initial offer was rejected by Forlan's club Atletico Madrid on Thursday but Ramos remains determined to sign the Uruguayan.
Forlan said: "I am pleased that I am still recognised in England, but now my challenge and dream is with Atletico in the Champions League.
"I have an excellent opinion of Juande Ramos, but I am not interested in leaving."