Newcastle manager Joe Kinnear has described Manchester City's initial approaches for Shay Given as an 'insult'.
Kinnear confessed on Wednesday that the goalkeeper - who is valued at around £7million - is eager to end his 11-year stay at St James' Park and a written transfer request was expected to be submitted on Thursday.
However, the Magpies boss is adamant that he and owner Mike Ashley will not be accepting the 'derisory offer' of £5million which has currently been tabled by City boss Mark Hughes.
Newcastle are facing a battle to survive in the Premier League and Kinnear maintains that, if he must allow one of his star assets to leave, he will not let Given exit in a cut-price deal.
"We have had approaches for Shay - serious approaches from Man City. Irrespective of all the stories, they've offered £5million and not a penny more," Kinnear told the Newcastle Chronicle.
"We think it's an insult to offer that for the best keeper in the Premier League. It's a derisory offer.
"But Shay has made it clear he wants to leave.
"I wasn't involved too much with the meeting between the owner, Shay and his agent when they tried to thrash it out.
"But as far as I know, the owner and the managing director were unhappy they've only been offered £5million. That's where we stand.
"I don't want to lose him - I'm fighting a relegation battle."
Given did not travel with the Newcastle squad for Wednesday night's defeat to City at Eastlands and the Republic of Ireland international's absence was attributed to a knee injury.
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