Norwich City have cooled their interest in Andre Dozzell after being put off by Ipswich Town’s valuation.

The Canaries were touted with a potential move for the highly-rated midfielder over recent days, with Town boss Paul Lambert claiming it would take a multi-million pound offer.

City are believed to have baulked at a £5m valuation slapped on Dozzell earlier this summer, for a player entering the final 12 months of his current Portman Road deal. Ipswich do hold a further one year option but have yet to tie Dozzell down to a longer term contract.

Contact has previously been made between the clubs, but the Canaries at no point have made a bid for the midfielder.

Dozzell is regarded as one of Town's prized assets but the League One club need funds to boost Lambert's chances of a plotting an immediate return to the Championship following relegation.

The Scot reiterated at Town's open day on Thursday it would need a major offer for him to consider losing the midfielder.

"There's not been anything that's come in," when asked if the club had received any firm bids. "Unless somebody tells me what's going to happen, you can talk all you want and speculate.

"If it's Premier League clubs then it's got to be a heck of a lot of money that moves anybody.

"I've been in the Premier League, I know the level of money, so for any player it's going to have to be a hell of a lot of money.

"Money is the nature of the game, the money is vast in the game whether it's Norwich or somebody else in the Premier League, could be anybody. Money dictates a hell of a lot of things in football. He's a good footballer, he's got a long way to go in his career.

"He's nowhere near the finished article whatsoever. He's got to learn, he's got a lot to learn without the ball, but on the ball he's very, very good."

The transfer window closes on August 8 at 5pm, ahead of the Premier League kick off at Liverpool the following night.

Norwich were frustrated in their attempts to recruit Motherwell's 20-year-old attacking midfielder David Turnbull, but have brought in a number of talented youngsters this summer alongside the additions of Josip Drmic, Sam Byram and loan duo Ralf Fahrmann and Patrick Roberts.