Jewell won't meet Davies fee

  • Last Updated: July 30 2012, 10:31 BST

Ipswich manager Paul Jewell says Derby County are currently demanding too much money for transfer-listed forward Steve Davies.

Steve Davies: Transfer target for Ipswich

Derby put Davies up for sale at the end of last season after he turned down a new contract and he was signed for the Rams during Jewell's time as manager at Pride Park.

Jewell would be keen to bring the 24-year-old to Portman Road, but concedes the two clubs are currently too far apart in their valuations of Davies.

"Steve Davies is a player that I took to Derby and one that admire but it all comes down to cost," said Jewell in the East Anglian Daily Times.

"I've spoken to Nigel Clough over the summer about the fee and it's far in excess of what we would want to pay.

"Don't ask me what it is, because that's between the two clubs but it's too much and I haven't got that amount of money.

"There's not a bottomless pit of money, so I've got to be prudent in the way I work."

Davies has been linked with other Championship clubs and reports claim Blackburn could step up an interest following an injury to Leon Best.