Bologna are in negotiations with "an important foreign club" over the sale of playmaker Gaston Ramirez, according to the club's sporting director.
The Uruguay international has caught the eye of several top clubs after a dazzling season in Serie A, in which he scored eight goals and created four more as Bologna finished comfortably in ninth place.
"We are negotiating with an important foreign club for Ramirez," Zanzi said to Italian newspaper Il Resto del Carlino. "But their offer does not satisfy us.
"The deal is by no means close to completion."
Premier League duo Manchester city and Liverpool are reported to be interested in the 21-year-old who has been valued at £20 million by Bologna, where he is contracted until 2016.
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