Stoke City have set a £5 million price tag for Kenwyne Jones, after rejecting a formal bid from Swansea City for the striker.
Stoke chairman Peter Coates is understood to have turned down an official offer of £3.5 million from the Welsh club for the Jones, ahead of the two sides’ meeting at the Liberty Stadium on Saturday.
Coates is now waiting to see if Swansea return with an improved offer - which could all hinge on the future of Danny Graham, who looks set to depart Swansea, with Sunderland his most likely destination.
Graham is believed to be valued at £4 million by Swansea manager Michael Laudrup and his departure would free up cash for a second bid.
Swansea have been linked with Jones on numerous occasions in recent weeks but will have to significantly improve their offer.
Jones’ future at the Britannia had looked less than certain up until a few weeks ago, with Stoke prepared to cash in on the player who cost a club-record £8 million from Sunderland over two years ago.
But the situation may have altered given Jones’ recent impact on the side after replacing Peter Crouch, following the striker’s facial injury against Newcastle in November.
Jones, who hadn't scored a Premier League goal since August 2011, has since scored four times in ten league and cup appearances.
His form has been such that manager Tony Pulis is now selecting him as his number one striker for the first time since Crouch arrived at Stoke from Tottenham for £10 million, 18 months ago.
Jones’ new-found form, Michael Owen’s lack of an impact and the notoriously difficult January window are all factors Stoke are now weighing up and any decision to allow Jones to leave would not be confirmed until Pulis has a deal for a replacement in place.
It is also believed to be uncertain whether Jones, who has 18 months remaining on his existing contract, would be prepared to make a move to South Wales.