Derby have rejected a bid from Newcastle for teenage star Giles Barnes, the Pride Park outfit have confirmed.
The highly-rated midfielder is starting to show some real form in the top-flight after struggling to adapt to life in the Premier League following the Rams' promotion last season.
Now Newcastle have looked to tempt Derby with a deal, which reports claim was as low as £2million.
The Rams have rejected the bid, which is understood to have been instigated by Newcastle's new vice-president Tony Jimenez.
"We got a phone call from Newcastle United about Giles Barnes, but the valuation was no way near what we believe he is worth," said Rams boss Paul Jewell.
Derby also confirmed that Tottenham - who have also been linked - have not made an approach, but a Championship club have.
"Tottenham haven't approached us about Giles Barnes," Jewell continued.
"The only other approach has come from a Championship club who enquired about taking him on loan."
Although Jewell is a fan of Barnes, he admitted he would be allowed to leave if the right offer came in for him.
"I would like to keep him but if the player wanted to go and the money was right we would not stand in his way, like with any other player," he said.
"Giles Barnes is going to be a terrific player in the future.
"A lot has been said about Giles and it is a lot to put on his shoulders.
"He missed pre-season and is catching up, and some people expect too much of him.
"As I have said, if Giles Barnes knocked on my door and said he wanted to leave, and the deal was right for the club, I wouldn't stand in his way.
"But if Giles Barnes says he wants to stay, no matter how much is offered he is a player I would like to keep hold of as he is a talent."
It remains to be seen whether Newcastle will up their offer for 19-year-old - who scored at St James' Park for Derby in December.
West Ham - the club Barnes supports - have a long-standing interest in the player and made a bid last summer, and they could yet rekindle their interest.

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Fulham 3-0 Burnley - Hodgson
Fulham 3-0 Burnley - Laws
Man City 2-0 Bolton - Johnson and Vieira
Portsmouth 1-1 Sunderland - Bruce
Wigan 1-1 Stoke - Martinez
Portsmouth 1-1 Sunderland - James
Portsmouth 1-1 Sunderland - Grant
| Time | Fixture |
|---|---|
| Wednesday 10th February | |
| Barclays Premier League | |
| 19:45 | Arsenal vs Liverpool |
| 19:45 | Aston Villa vs Man Utd |
| 19:45 | West Ham vs Birmingham |
| 19:45 | Wolverhampton vs Tottenham |
| 20:00 | Blackburn vs Hull |
| 20:00 | Everton vs Chelsea |
| Tuesday 16th February | |
| Barclays Premier League | |
| 19:45 | Stoke vs Man City |
| Wednesday 17th February | |
| Barclays Premier League | |
| 20:00 | Wigan vs Bolton |
| Saturday 20th February | |
| Barclays Premier League | |
| 12:45 | Everton vs Man Utd |
| 15:00 | Arsenal vs Sunderland |
| 15:00 | West Ham vs Hull |
| 15:00 | Wolverhampton vs Chelsea |
| 17:30 | Portsmouth vs Stoke |
| Sunday 21st February | |
| Barclays Premier League | |
| 14:00 | Aston Villa vs Burnley |
| 15:00 | Fulham vs Birmingham |
| 15:00 | Man City vs Liverpool |
| 16:15 | Wigan vs Tottenham |
| Monday 22nd February | |
| Barclays Premier League | |
| 20:00 | Blackburn vs Bolton |
| Tuesday 23rd February | |
| Barclays Premier League | |
| 20:00 | Man Utd vs West Ham |
| Saturday 27th February | |
| Barclays Premier League | |
| 12:45 | Chelsea vs Man City |
| Time | Result |
|---|---|
| Tuesday 9th February | |
| Barclays Premier League | |
| Man City 2 - 0 Bolton | |
| Wigan 1 - 1 Stoke | |
| Portsmouth 1 - 1 Sunderland | |
| Fulham 3 - 0 Burnley | |
| Sunday 7th February | |
| Barclays Premier League | |
| Birmingham 2 - 1 Wolverhampton | |
| Chelsea 2 - 0 Arsenal | |
| Saturday 6th February | |
| Barclays Premier League | |
| Liverpool 1 - 0 Everton | |
| Hull 2 - 1 Man City | |
| Stoke 3 - 0 Blackburn | |
| Bolton 0 - 0 Fulham | |
| Sunderland 1 - 1 Wigan | |
| Man Utd 5 - 0 Portsmouth | |
| Burnley 2 - 1 West Ham | |
| Tottenham 0 - 0 Aston Villa | |
| Wednesday 3rd February | |
| Barclays Premier League | |
| Fulham 1 - 0 Portsmouth | |
| Tuesday 2nd February | |
| Barclays Premier League | |
| Hull 1 - 1 Chelsea | |
| Monday 1st February | |
| Barclays Premier League | |
| Sunderland 0 - 0 Stoke | |
| Sunday 31st January | |
| Barclays Premier League | |
| Man City 2 - 0 Portsmouth | |
| Arsenal 1 - 3 Man Utd | |
| Saturday 30th January | |
| Barclays Premier League | |
| Birmingham 1 - 1 Tottenham | |
| Pos | Team | P | Pts |
|---|---|---|---|
| 1 | Chelsea | 25 | 58 |
| 2 | Manchester United | 25 | 56 |
| 3 | Arsenal | 25 | 49 |
| 4 | Liverpool | 25 | 44 |
| 5 | Manchester City | 24 | 44 |
| 6 | Tottenham Hotspur | 25 | 43 |
| 7 | Aston Villa | 24 | 41 |
| 8 | Birmingham City | 24 | 37 |
| 9 | Fulham | 26 | 34 |
| 10 | Everton | 24 | 32 |
| 11 | Stoke City | 24 | 30 |
| 12 | Blackburn Rovers | 25 | 28 |
| 13 | Sunderland | 25 | 26 |
| 14 | Wigan Athletic | 24 | 24 |
| 15 | Hull City | 25 | 24 |
| 16 | Burnley | 25 | 23 |
| 17 | Bolton Wanderers | 24 | 22 |
| 18 | West Ham United | 24 | 21 |
| 19 | Wolverhampton Wanderers | 24 | 21 |
| 20 | Portsmouth | 25 | 16 |
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