Ipswich Town have rejected a second bid from Premier League side Crystal Palace for Flynn Downes according to the East Anglian Daily Times. 

It is claimed that the Eagles had a bid in the region of £1million rejected by the Tractor Boys, but their second bid is believed to be close to Crystal Palace's valuation for Downes of £2million.

But it seems highly unlikely that Ipswich will cash-in on the youngster for a fee in that region anytime soon, with Paul Lambert's side holding out for a fee of £8million.

Downes made 32 appearances for Ipswich Town in the 2019/20 season, in a campaign which ultimately ended in disappointment, as the majority of clubs agreed to conclude the season on a PPG (points per game) basis.

The Tractor Boys finished 11th in the League One table due to this decision, which condemned them to yet another season in the third-tier of English football.

Paul Lambert's side are due to get their new league campaign under way against Wigan Athletic at Portman Road, in what is certain to be a tricky test for the home side.

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The Verdict: 

I think this deal could be all but over.

Palace are clearly keen admirers of Downes, but both clubs are miles apart in their valuation of the midfielder if this report is true.

Ipswich will be keen to keep hold of a player of Downes' talent as well, as I think he'll have a significant role to play in their push for promotion into the Championship.

If they can keep hold of their key players, and add some depth to their squad, then I wouldn't be surprised to see the Tractor Boys mounting a serious challenge for a top-six finish this term.