RB Leipzig have rejected an £85.4m bid from Real Madrid for Yan Diomande, according to Sky Germany.
The offer was for an initial fee of £76.9m, plus £8.5m in add-ons.
Madrid have been active in this window following the return of Jose Mourinho as Bernardo Silva, Ibrahima Konate, Denzel Dumfries and Marc Cucurella have all been snapped up.
Liverpool have also expressed an interest in Diomande but aren't willing to pay more than £85m.
The fee Liverpool are ready to pay at this stage would dwarf the Premier League's record transfer for a teenager, surpassing the £58.9m Manchester United agreed to sign Leny Yoro from Lille for in the summer of 2024.
However, Diomande indicated a preference to move to Paris Saint-Germain earlier this summer and has already agreed a contract with them until 2031, but Leipzig will only sell for an exceptional fee.
PSG president Nasser Al-Khelaifi has held talks with the German club.
"Everything went fast," says Yan Diomande. Indeed, it is extraordinary now to think that this time last year Diomande's entire senior career amounted to half a dozen starts for Leganes at the back end of last season as they were relegated from LaLiga.
He scored in two of those six games, against Espanyol and Valladolid. Even his team did not find the net in the other four. But the teenager did enough to persuade RB Leipzig to part with €20m to bring him to the Bundesliga. Once there, he has been a revelation.
Thrilling to watch and impossible to defend, Diomande is lightning, full of unpredictable enterprise. He has the things that cannot be coached and by listening to the things that can he is getting better. The very biggest clubs want him. The rest cannot afford him.
Read Adam Bate's full interview with Diomande here...
