FC Twente slap £16m price tag on striker Luuk de Jong

FC Twente chairman Joop Munsterman has informed potential suitors that striker Luuk de Jong will only be sold by the club if bids in the region of £16m are offered.

The 21-year-old is believed to be in a tug of war between Newcastle United and Borussia Monchengladbach but recent reports have claimed that the Magpies have already given up on signing the forward.

"For [£12m], De Jong will not leave," Munsterman told De Telegraaf. "[£16m] would be an incredible amount."

It is understood that talks have already begun between Twente and Monchengladbach but Newcastle are still in contention to clinch the striker.