NEWCASTLE have reportedly rejected a £17.5million bid from Newcastle for forward Joao Pedro.
The 20-year-old has started all three of the Hornets' Championship games so far this season.
Watford are insisting the Brazilian wonderkid is not for sale, according to Sky Sports.
Newcastle are keen on the attacker, who can play on the left or as a central striker.
But Eddie Howe and Co face a battle in trying to sign him after having had a bid rebuffed.
Further reports from the Daily Mail suggest the Magpies are now weighing up whether to lodge a second offer.
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The Hornets have already lost forward Emmanuel Dennis to Nottingham Forest for £20million in the past week.
And boss Rob Edwards is eager not to part ways with Pedro too.
The youngster scored in Watford's season opener against Sheffield United.
Pedro joined the Hornets from Brazilian outfit Fluminese in January 2020, and has netted 14 times in 77 games for the club.
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Toon are potentially set for a flurry of activity with just over two weeks left of the transfer window.
As well as bidding for Pedro, SunSport exclusively revealed that the mega-rich Magpies have made Chelsea midfielder Conor Callagher their No1 target.
The club will now step up their efforts to sign the £40m-rated England midfielder.
Newcastle also want to sign James Maddison from Leicester, with reports suggesting two bids have been rejected by the Foxes for the playmaker.
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