Watford have rejected a £7.5m bid from Leicester City for their star striker Troy Deeney, according to the Watford Observer.
The Foxes previously had their reported bid of £6.5m rejected as the new Premier League side look to bolster their attack.
Deeney has attracted a lot of attention after successful campaigns with the Hornets, scoring 45 goals in two seasons.
Watford have already turned down bids from other Premier League teams such as Burnley and Swansea City as they look to keep their hands on one of the Championship's top scorers.
