Linfield have turned down a second offer from Scottish Division Two leaders Gretna for Peter Thompson.
Peter Thompson looks set to stay at Linfield for the time being
Gretna's original bid of £50,000 was termed derisory, but despite doubling the offer plus other incentives, it has been spurned by the Irish League side.
A Linfield spokesman said that "the offer was still insufficient and Gretna have been informed".
Gretna say that the offer was their final one and that they would switch their attentions elsewhere.
Thompson's goalscoring exploits have attracted the attention of several clubs in Scotland and England, although Gretna have been the only club to make an official bid.
In November, the 21-year-old postman from east Belfast was called up by Northern Ireland manager Lawrie Sanchez, making his international debut in the friendly against Portugal.
Blues boss Jeffrey said Linfield would not stand in the way of any player who wanted to move to full-time football.
"Peter knows we would not hinder his progress by holding out for silly money," said Jeffrey.