Rangers have rejected a bid from West Ham for striker Nikica Jelavic, according to reports.
SPL champions Rangers have deemed that the offer from the Championship leaders fails to meet their valuation of the Croatia international.
Jelavic is the club's top goalscorer with 17 goals this season and has also been linked with Liverpool, West Brom, Fulham and QPR.
Rangers manager Ally McCoist confirmed at the weekend that informal talks regarding Jelavic had taken place between chairman Craig Whyte and his West Ham counterpart David Sullivan.
The Hammers have now followed up their interest in the 26-year-old with a firm bid. Although the figures involved are unconfirmed, it has been widely reported the West Ham tabled £7 million.