HITC Sport understands from sources close to the club that Wolverhampton Wanderers have rejected a bid from Championship rivals Fulham for defender Richard Stearman.
As revealed by HITC Sport earlier this week, Fulham launched a £1.5million bid for Stearman as Kit Symons looks to bolster his defensive options for next season.
However, it is understood that Wolves have dismissed the offer out of hand and hope to keep Stearman at Molineux.
Stearman has established himself as a key figure in Kenny Jackett's side in the last two seasons after returning from a loan spell at Ipswich Town in 2013 when he looked to be on his way out at Wolves.
The 27-year-old, who was named Wolves’ Player of the Season, is in the final year of his contract and Wolves are expected to offer him a new deal.
If Stearman fails to sign a new contract, Wolves could decide to cash-in on him rather than risk letting him leave on a free next summer.
Fulham are continuing to monitor Stearman's situation and it remains to be seen if they will come back with an improved second bid for the former Leicester City man.