By Francisco AcedoEspanyol have reportedly snubbed an offer from Liverpool for Spain international Albert Riera.
The Reds are believed to have tabled an offer of around 12million euros (£9.5million), but that falls considerably short of the Primera Liga club's valuation.
Riera enjoyed a uneventful loan spell at Manchester City in 2006, but has flourished since returning to his homeland.
He has missed out on Spain's squad for Euro 2008 but has impressed when given a chance with the national side, scoring a spectacular debut goal against Denmark in October 2007.
The winger has recently expressed his desire to secure a move to a bigger club but has been told in no uncertain terms that he will be going nowhere unless a substantially higher bid is received.
"We are very disappointed with the quotes made by the player last week," said Espanyol president Daniel Sanchez Libre.
"If a player wants to leave then they should speak with the club, not the press.
"If a club wants to sign Riera then the price will be 24million euros (£19million), and that figure will not change."
Riera has a contract at the Montjuic Stadium until 2011 and could now be punished for his outspoken comments.
Espanyol are contemplating fining the player, but as he is currently on holiday they are trying to resolve the situation with his agent.
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