Bologna are demanding £16m for attacking midfielder Gaston Ramirez, according to the club's president Albano Guaraldi.
Liverpool and Manchester City are believed to be leading the chase for the 21-year-old, who scored eight goals in Serie A last season.
The agent of the Uruguay international had previously claimed that the Italian club were looking for a fee in the region of £20.2m.
However, those reports now look to be wide of the mark after Guaraldi confirmed that Ramirez will not be allowed to leave for less than £16m.
"There is no intention to sell Ramirez for a bid lower than his value, which we estimate at around £16m," Guaraldi told Sky Sport 24. "But the economic fate of Bologna next season does not depend on the sale of Ramirez."
Ramirez joined Bologna from Penarol in 2010.
Written by
Michael Penkman
Michael Penkman
