Southampton coach Mark Wotte has warned Swansea City that Nathan Dyer will not be joining them on a permanent basis for a cut-price fee.
The 21-year-old winger was on loan at the Welsh club for the second half of the recently completed Championship season.
The Saints are now in administration, but Wotte has warned the Swans that Dyer will only be allowed to leave St Mary's for the 'right price'.
"Nathan has said he hopes to stay with Swansea because he wants to play Championship football," said Wotte.
"But we will only allow that if Swansea make the right offer for him, otherwise he is due back with us."
Meanwhile, Wotte has extended the warning to any clubs circling their prize assets.
He told the club's official website: "I've spoken to players like Marek Saganowski, Grzegorz Rasiak and Nathan Dyer about what they should expect in pre-season.
"If they can't find a club that are willing to pay the right amount of money for them then they should report back on 15 June with everybody else."