West Brom have rejected an offer from Watford for Craig Dawson, according to Sky sources.
It is understood the offer was an initial year-long loan for a fee of £750,000.
The bid also included an option to buy Dawson for £2.5m instalments over four years adding up to a potential total of £10m.
The 28-year-old defender has made 180 appearances for the Baggies since 2010.
More to follow.