Tottenham have turned down Bayern Munich's latest £86million offer for Harry Kane.
Following the latest set of talks between both clubs last week, Bayern submitted a third bid for the England captain on Friday - but that has now been rebuffed.
Mail Sport revealed last month that Spurs chairman Daniel Levy valued Kane at £120m - despite the fact he had less than a year on his contract.
There has been a feeling, however, that Levy would accept a fee close to £100m given the prospect of losing Kane for nothing next summer.