Manchester City have seen a £44.5m bid for Benjamin Mendy rejected by Monaco.
Monaco are demanding City pay at least the same as it took to sign Kyle Walker from Tottenham Hotspur – a deal that is worth £50million plus add-ons which could see it rise to £53million – to acquire Mendy.
Mendy, at 23, is four years younger than Walker and Monaco also regard him as a better player so are insisting on a fee of around the same scale as achieved by Spurs for the England international.
City had hoped to complete a deal for Mendy before their pre-season visit to North America, where they play rivals Manchester Unite din the early hours of Thursday morning, but have been made to wait.
The 23-year-old has been a long-term target for manager Pep Guardiola, who did not travel to Switzerland with the Monaco squad for their pre-season schedule.
Mendy has impressed during his one and only Monaco season to date, after signing from Marseille last summer.