Rangers have reportedly seen a second bid for Fares Ghedjemis rejected, with Frosinone continuing to resist interest in one of their prized assets.
According to Italian transfer expert Gianluca Di Marzio, the Serie A club have turned down an improved Rangers offer worth around €10 million for the Algerian winger.
Frosinone to hold firm on Ghedjemis valuation
The latest development follows reports earlier this week that Rangers had already failed with an opening bid, while Frosinone president Maurizio Stirpe publicly insisted the club were under no pressure to sell the 23-year-old.
Speaking at the club's season launch, Stirpe made clear that Frosinone's financial position has changed significantly.
"If I had been left alone, selling Ghedjemis would have been a necessity tomorrow morning,” he said.
"Today, it's something we can even ignore."
Those comments now appear to have been backed up by action, with Frosinone rejecting Rangers' improved proposal despite the increased fee.
The Italian club are understood to value Ghedjemis considerably higher than Rangers' latest offer, having previously been reported to be seeking between €15 million and €20 million.
Such a valuation would comfortably eclipse Rangers' current transfer record, set when the club signed Tore Andre Flo from Chelsea in 2000.
Algerian winger is top player for Serie A newcomers
Ghedjemis has emerged as one of the standout attacking talents in Italy after helping Frosinone earn promotion to Serie A last season.
His performances have attracted interest from a number of clubs across Europe, including Celtic who have also seen a lower bid knocked back for the Algerian, with Rangers among those closely monitoring his situation.
Derek McInnes has already strengthened his attacking options this summer through the signing of Daisuke Yokota, while Rangers have also added Lawrence Shankland, Ross McCrorie, Ben Godfrey, Ivor Pandur, Dan Neil, Cammy Devlin, Vanja Dragojević and Olwethu Makhanya during a busy transfer window.
However, the latest report suggests the Ibrox club remain keen to add further quality in wide areas before the deadline.
Whether Rangers return with a third offer remains to be seen, but Frosinone's firm stance indicates any deal will require a substantial increase on the reported €10 million bid if the Scottish Premiership side are to land one of their primary attacking targets.
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