Spanish giants Real Madrid have rejected a bid from Tottenham for midfielder Lassana Diarra, according to reports in Spain.
The London outfit are understood to want the midfielder on loan, but the La Liga giants are only interested in a cash deal for the player.
Madrid had initially kept a £20million fee for Diarra but talkSPORT confirmed on Tuesday they are prepared to cut their asking price down to around £15million.
Spurs boss Harry Redknapp signed the French midfielder for £5.5million in January 2008 when he was managing Portsmouth, but looks set to miss out on the player this time to big spending French Ligue 1 side Paris St Germain.
PSG recently signed Palermo playmaker Javier Pastore for €42million and the club would be able to afford Diarra's £120,000 a weekly wage.
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