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Ole Gunnar Solskjaer has declared that Manchester United won’t “overpay” for their summer transfer targets, placing doubt over further bids for Leicester City defender Harry Maguire.

United were knocked back in their pursuit of Maguire last week when City turned down a £70 million approach.

City do not want to let their star defender go and will not consider a sale unless a huge offer is made – eclipsing the £75m Liverpool paid for Virgil van Dijk, a world-record for a defender – and Maguire indicates that he sees his future elsewhere.

But United boss Solskjaer is adamant that the Red Devils will not be held to ransom, perhaps implying that City’s valuation of Maguire is too steep.

“We're still in the market looking to do some business, as I've said before,” Solskjaer said during his side’s pre-season trip to Perth, Australia.

“But we're patient, we're Man United, we don't have to sell and don't have to overpay either. You have to have the right players at the right price.

“And if you look at the squad we've got now, there are so many good players anyway.

“I'm sure with a good pre-season behind us – that's the main thing now – the ones who are here are working hard to want to improve.

“Doing business in the football market is not going to be a quick fix overnight. And we have players here who I trust.

“There are fantastic players here, loads of players I know are gonna be successful at this club and we've signed two in Dan (James) and Aaron (Wan-Bissaka), with their speed and hunger, with quality that will be part of that.”

Maguire is currently with the rest of the City squad at their camp in Evian, France, having started his pre-season training this week.