McGhee's Reid warning
By Mark Buckingham
Last Updated: 01/01/70 1:00am
Blackburn Rovers have already had a £2 million offer for the Republic of Ireland international rejected and are adamant they will not up their bid.
Lions chairman Theo Paphitis slammed Rovers' offer and was particularly bitter about the terms of payment proposed by the Premiership outfit.
New Den chief McGhee has echoed those sentiments and has reiterated the view that all aspects of the deal must be correct before The Lions will cash in on Reid.
"It's well documented that Blackburn made an offer that the chairman felt was not acceptable either in the level, or the terms, of the deal," McGhee told the club's official website.
"It was particularly the terms because they weren't giving us the opportunity to go out and shop now which is what we need to do.
"If we're going to lose a player like Steven Reid we're only prepared to do so if it's going to allow us to come out of it with an even stronger team."
McGhee revealed he is chasing reinforcements to his squad but concedes matters are moving slower than he would wish for.
He added: "There is some urgency as far as I'm concerned because we want time to work with players.
"We want to bring in two or even three players and are actively pursuing some targets at the moment.
"But as you know, these days with agents and other people involved, these things take time."