NEWCASTLE United have bid for midfielder Clement Grenier - but the club’s offer is significantly below Olympique Lyonnais’ valuation.
A bid, understood to be in excess of £10m, has been tabled for the 23-year-old.
But the offer is set to be rejected by the French club’s president, Jean-Michel Aulas.
Aulas, acutely aware Newcastle have just banked more than £20m from the sale of Yohan Cabaye, is looking for a sizeable fee for Grenier.
Talks are ongoing between the two clubs ahead of Friday night’s transfer deadline, though SportMail understands their respective valuations are some way apart.
And it remains to be seen whether United owner Mike Ashley will sanction an increased bid given that the club is in no danger of relegation.
Grenier himself seems undecided on whether it would be right to move in this month’s transfer window.
The France international said: “Is it better for me to stay in Lyon? For the moment, I think so. Yes.”
Pardew - who yesterday welcomed loan signing Luuk de Jong to St James’s Park - is anxious that the club recruits a replacement for Cabaye, having admitted his departure would leave the team “vulnerable”.
Used well, Pardew feels the money can strengthen the club’s squad.
“This club is never going to be about one player,” said Pardew, who is preparing his players for the 150th meeting between Newcastle and Sunderland on Saturday.
“We’ll use that money, like we did the Andy Carroll money, to make the team better.”
Meanwhile, Norwich City are appealing the red card shown to Bradley Johnson for tangling with Loic Remy in Tuesday night’s goalless draw against United.
Remy was also dismissed for his part in the confrontation, and will miss the next three games through suspension.
Newcastle will not appeal the red card shown by referee Chris Foy.