Palermo have rejected an offer from Tottenham to sign Uruguay international Abel Hernandez, according to the player's agent.
Reports in Italy claimed the Premier League side had made a €10 million bid to acquire the services of the 20-year-old forward.
When asked about Tottenham's offer, Hernandez's agent Vincenzo D'Ippolito said to calciomercato.it: ''It's true. But for the time being I know (Palermo president Maurizio) Zamparini has turned down the offer, although I do not know what the figure was.
''If indeed it was €10 million then it would be considered too low as the value of the player in the market is of €20million. The transfer market has just started so we will see what happens.''
Hernandez joined Palermo in the summer of 2009 from Penarol and is under contract with the Serie A outfit until June 2013. The South American scored two goals in 22 league appearances for the Sicilian outfit last season.