AC Milan have rejected Paris St-Germain's world record fee for a defender for Brazilian Thiago Silva.
The Qatari-owned French club made a bid of almost €46m (£37.5m) for the 27-year-old, but Milan owner Silvio Berlusconi said the Serie A side had "no intention" of selling the international.
Rio Ferdinand's £29.1m transfer to Manchester United from Leeds United in 2002 remains a world record fee for a defender.
The Qatar Investment Authority bought a 70 per cent stake in PSG last year and continue to back coach Carlo Ancelotti, who won the Champions League twice with Milan.
Should Thiago eventually make the move, he will dwarf the following top 10...
Rio Ferdinand £29.1m (Leeds United to Manchester United, 2002)
Fabio Coentrao £27m (Benfica to Real Madrid, 2011)
Pepe £25m (Porto to Real Madrid, 2007)
Daniel Alves £23.5m (Sevilla to Barcelona, 2008)
Dmytro Chygrynskiy £22.5m (Shakhtar Donetsk to Barcelona, 2009)
Joleon Lescott £22m (Everton to Manchester City, 2009)
Lilian Thuram £22m (Parma to Juventus, 2001)
David Luiz £21.3 (Benfica to Chelsea, 2011)
Alessandro Nesta £21m (Lazio to AC Milan, 2002)
Ricardo Carvalho £20m (Porto to Chelsea, 2004)