Reports from Spain this morning claim that Fulham have had an offer of around £10m for Espanyol striker Pablo Daniel Osvaldo rejected.

We know that Mark Hughes is a big admirer of Osvaldo as he has made several trips to Spain to scout the Argentinian striker in person. Fulham’s initial offer might be considered big in the context of our financial prudence over the past few seasons, but it probably won’t be anything like enough to tempt the Spanish side to part with their prized striking asset. Osvaldo, who has a terrific scoring record in Spain since joining Espanyol initially on loan from Bologna last year, has a release clause of 30m euros and has already insisted that he is happy to stay with his current employers.

Fulham’s offer could also spark a bidding war with several European clubs known to be keeping tabs on Osvaldo. The Spanish report names Atletico Madrid and Sevilla as sides looking to poach the striker and it isn’t known whether Hughes will return with an increased offer.