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Blackpool have rejected a transfer request from skipper Charlie Adam.
Adam's agent confirmed earlier on Monday that the Scottish international, 25, wanted to quit the Seasiders.
But the club, who are in their debut season in the Premier League, have reacted quickly to turn down the midfielder's transfer request.
Blackpool boss Ian Holloway said at the weekend that the Seasiders had rejected offers from three clubs for Adam, including a £4m bid from Liverpool.
Holloway labelled the bids as derisory and is keen to retain the services of Adam, who has 18 months left on his contract.
"He has signed a contract and someone can come in, but it's not his choice and it's not their choice. He belongs to us," Holloway said last week.
The Seasiders manager added that Birmingham and Aston Villa are the other clubs to have expressed an interest in the player.
"If someone wants to offer money, I think they are wasting their time because we don't need to sell him at the moment," added Holloway
Chairman Karl Oyston told BBC Radio Lancashire: "We received a verbal bid of £4m [from Liverpool] for Charlie but it doesn't change the situation.
"He's still a player who is under contract with Blackpool and Liverpool's offer only matches previous offers we have recently turned down from Aston Villa."
Adam joined the Seasiders from Rangers for £500,000 in August 2009 and has scored four goals so far this term.
Holloway has admitted that the midfielder could be the difference between his team staying in the Premier League or getting relegated.
But following Darren Bent's £24m move to Villa from Sunderland, the former Leicester, Plymouth and QPR boss said the west Midlands club were well off the mark in their valuation of Adam.
Holloway's side have so far made a mockery of pre-season predictions they would struggle on their return to the top flight for the first time in 39 years.
Adam has been a key figure, converting penalties in wins over Liverpool, Newcastle and West Brom, and his team are currently 11th in the Premier League.
Holloway has admitted in the past that he might have to let Adam go if the price is right but he believes the player would be better off staying with the club until the end of the season.
"I believe that Charlie is shining and his star will only shine brighter, he has to realise that," he said.
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