HITC Sport understands from sources close to the club that Leeds United and Reading have seen bids rejected for Birmingham City's Clayton Donaldson.
As revealed by HITC Sport earlier this week, Leeds and Reading were among a number of clubs chasing the former Brentford hit-man as they look to bolster their striking options.
Leeds and Reading are both thought to have offered £750,000 for the former Hull City trainee, but Birmingham are demanding a fee of £2million for the 31-year-old.
Birmingham are reluctant to lose their star striker, but their hands could be tied by the club's precarious financial position, meaning they are in no position to reject any cash injection by offloading some of their more saleable assets.
The club has been up for sale for three years, while the club's current owners, Birmingham International Holdings, entered receivership in February – as covered by the BBC.
Leeds and Reading are expected to come back with new bids for Donaldson as they look to prise the big striker away from St Andrew's.