Tottenham have rejected an £8.4m (€10m) bid from AC Milan for defender Emerson Royal, who is valued at closer to £16.8m (€20m).
Milan's offer for the Brazilian, which was submitted both verbally and in writing, was rejected by Spurs and there has been no contact between the clubs since.
Spurs are open to selling the 25-year-old who is not a first-choice under head coach Ange Postecoglou, while Emerson has said he wants regular football to force his way into Brazil's 2026 World Cup squad.
"I have to look for new club or, if I stay at Tottenham, have a good proposal to play," he told Brazilian TV last week.
Borussia Dortmund are also interested in the full-back, who joined Spurs from Barcelona in a £25m deal in the summer of 2021.
Emerson is one of a number of Spurs players on the transfer list, also including Bryan Gil, Giovani Lo Celso, Djed Spence, Sergio Reguilon and Pierre-Emile Hojbjerg.
Galatasaray are among the clubs tracking Hojbjerg, who has a year remaining on his contract.
Ibrahim Hatipoglu, the deputy chairman of the Turkish club, told CNN: "Hojbjerg is a very good player. He has many suitors. He says he wants to make a decision after seeing all the options. He may take more time than the others."
