Blackpool boss Michael Appleton has warned Liverpool he's under no pressure to sell Tom Ince in order to fund his January spending.
Ince has been the subject of intense speculation linking him with a return to Liverpool - the club he left in August 2011.
But Appleton says the offer fell short of their valuation for Ince, son of former England star Paul, who has hit 13 goals so far this term.
The Seasiders boss wants to bring in recruitments of his own this month and it was suggested he would have to flog Ince to raise funds.
But, when asked if that is the case, Appleton said: "I don't think so. The chairman has not made that assumption on it at all.
"Liverpool made an offer two weeks ago to [chairman] Karl Oyston. We haven't received anything since. It was pretty much a case of 'that's not enough, you'll have to do better'.
"From my point of view I'd love to keep Tom but the biggest thing is whether I'm able to add to what we've got.
"We need reinforcements big time and I will only be happy if we bring four or five new faces in by the end of January. If we don't, I'll be disappointed."
But Appleton admitted the speculation has affected Ince's form, after the forward failed to net in his last seven matches.
"He's going through a little bit of an indifferent spell at the moment," he said. "With all the speculation it is hard to get away from that. But he is coping really well.
"I know how difficult it can be sometimes when you've got the media constantly talking about the opportunity you might get elsewhere.
"Once it all settles down and the speculation fades away a little bit and he continues to play well for Blackpool I think his performances for Blackpool will pick up again."