Theo slams Rovers Reid bid
By Graeme Bailey
Last Updated: 01/01/70 1:00am
Rovers are understood to see Reid as a replacement for David Dunn, who looks set to depart Ewood Park over the summer.
However, Paphitis has criticised the way in which Blackburn attempted to land his midfield ace.
"The way they offered us payments was unacceptable.
"To be honest, I think they thought they were shopping out of the Littlewoods catalogue.
"Steven has a long contract, the money offered to us and the way it was offered wasn't right.
"We're under absolutely no pressure at all to sell players.
"We'll sell someone if the right offer comes in and we think we can strengthen our squad with the money.
"But if we can't fill several positions, we won't sell the player - and it's as simple as that.
"Steven will be an important part of our promotion campaign - so if he's not going to be there, we need to replace him.
"Steven wants to go to the Premiership but doesn't want to jump at the first offer for him.
"And I'm confident that, if it's not Blackburn, someone else will come in for him. I've no doubts about that whatsoever and neither does Steven."
Portsmouth have also been linked with an offer after manager Harry Redknapp admitted a liking for the player, but as yet they are not thought to have lodged a bid.