Swansea City chairman Huw Jenkins says there has been no offer from Bolton Wanderers for Ferrie Bodde.
The Trotters have held a long-standing interest in Bodde and reports claimed a £1.5million bid had been made for the midfielder.
Bolton boss Gary Megson is looking to change his team's style of play for the new season and Bodde has been mooted as a key component of that plan.
However, while Jenkins is aware of interest from the Premier League club, he is not willing to let Bodde leave on the cheap with reports suggesting the Swans would demand £5million for the Dutchman.
"I'm fully aware of speculation about Ferrie Bodde, but there has been no official offer," Jenkins told the Evening Post.
"I have had an indication from an agent that Bolton may be interested and Ferrie, like Jason Scotland, has come out in the press in the past to express his wish to play Premier League football.
"But both players are contracted to Swansea City and, from the speculation I have heard, the valuations being talked about fall way short of what we feel these two players are worth."
Bodde, who is working his way back to fitness after a long-term knee injury, was also a target for Middlesbrough last summer.