"We have turned down two offers, one for 35 million euros [$47.9 million] and another for 31.5 million euros, both without other players included." Del Niro told a news conference.

“If we receive a market-breaking offer for Alves he will go, if not he will stay," del Nido told a news conference.”

The flamboyant winger has been linked with Chelsea but the deal has been blocked until now.

The 24-year-old defender has been called up for the club's Spanish Super Cup tie against league champions Real Madrid on Saturday.