Manchester City has come back to the table with a substantially larger check for Nottingham Forest midfielder Elliot Anderson, and Forest has essentially responded by sliding it back across the table.

The club’s improved bid is valued at £106 million in guaranteed fees, with performance-related add-ons that could push the total package north of £120 million. Forest rejected it. The East Midlands club reportedly values their 23-year-old England international at £120 million before any bonuses are even factored in.

The gap between wanting and having

Manchester City’s first approach was an offer of roughly £85 million, which Forest dismissed without much deliberation. The second bid increased significantly on that initial figure in total potential value, but the structure of the deal, heavily weighted toward add-ons, apparently didn’t satisfy Forest’s board.

Forest isn’t just holding out for more money. They’re reportedly angling for a new British transfer record, which would mean a fee potentially exceeding £125 million.