St Mirren have confirmed they rejected a bid for Kenny McLean from Fleetwood Town.
But the Scottish Premiership club have lost a player after Adam Drury returned to Manchester City following a loan spell.
Reports claimed that mid-table Sky Bet League One side Fleetwood had made a bid of around £150,000 for midfielder McLean.
The club said in a brief statement: "Further to media reports at the weekend it has been confirmed today that St Mirren Football Club have rejected an offer for player Kenny McLean from English League One side Fleetwood Town Football Club as the offer does not come close to the club's valuation of the player."
McLean, who turns 23 this week, is approaching 150 first-team appearances for St Mirren and has netted five goals this season.
The Scotland Under-21 international signed a two-year contract in the summer after initially looking like he might move on from Paisley.
Drury scored three goals in 16 appearances for St Mirren but the club confirmed he, like his team-mate Ellis Plummer last week, had gone back to City following the end of his loan spell.
Meanwhile, McLean will discover on Thursday whether he will miss the home game against Aberdeen and the trip to Ross County after appealing his sending off by referee Willie Collum.
McLean is facing a two-match suspension after being dismissed by Collum for an alleged head butt in the New Year's Day defeat by Kilmarnock.
The 22-year-old midfielder reacted angrily after Ross Barbour's challenge on Sean Kelly and squared up to Craig Slater in the aftermath.
St Mirren feel they have a compelling case that McLean did not attempt to head butt the Kilmarnock player and lodged an appeal which allowed their player to face Inverness on Sunday.
However, even motioning with your head is a red card offence so it will all depend on the interpretation of the SFA's Fast Track Tribunal which will sit in judgement on Thursday.
If McLean's appeal fails he will miss Saturday's home game with table-topping Aberdeen and the vital basement battle with Ross County in Dingwall on January 17.
One player definitely who will be missing from the match at this weekend's encounter at St Mirren Park is Jeffrey Monakana. The 21-year-old winger has returned to his parent club Brighton following his loan spell with Aberdeen, the Pittodrie club have confirmed.
Monakan joined Aberdeen in July and made 10 appearances under Derek McInnes.
The Aberdeen manager told the club's official website. "Having spoken to the chief executive at Brighton they have taken the decision to recall Jeff in order to assess his situation further.
"The possibility of him going out on loan again hasn't been ruled out so there may be an option for him to rejoin us at the end of the month.
"Everyone at the club would like to thank Jeff for his contribution during his time here."
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