But reports in Spain indicate the La Liga outfit may be prepared to negotiate the fee, which has alerted Arsene Wenger and Jose Mourinho.
Jose Maria Gimenez has forced his way into the Atletico Madrid team of late, playing in a variety of positionsReuters
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The Urguayan international has been limited to just 28 appearances this season – losing his place in the starting 11 to Stefan Savic, who has forged a strong partnership with Diego Godin in the heart of the back four.
Atletico boss Diego Simeone is reluctant to part ways with Gimenez, who believes he still has a vital to role to play in Los Colchoneros.
Arsene Wenger and Jose Mourinho could be set to battle it out for Jose Maria GiminezRex Features
His contract with the 2013/14 La Liga champions expires at the end of next season, leaving the two rivals hoping they can sign him on the cheap.
Gimenez was part of the side that won the league three season ago, and was an unused substitute in last years Champions League final defeat to Real Madrid.
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