Ipswich Town have had a €22.5 million bid for striker Fotis Ioannidis turned down by Panathinaikos, according to Greek newspaper Sport24.

The 24-year-old finished the campaign with 15 goals and seven assists, gaining significant interest from across Europe.

Girona, Lazio and Sporting CP have all been linked with a move, although the report claims that the Greens have informed all interested parties that he's not for sale.

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Ioannidis started his career at Levadiakos before making the switch to Panathinaikos in 2020. He's since played in the Champions League and lifted the Greek Cup twice.

He's also scored twice in seven caps for Greece, most recently starting in a 2-1 defeat to Germany, although he was withdrawn after just 10 minutes through injury.

MORE: How we'll be covering the transfer window this summer

Alex's verdict

This will surely be the summer that Ipswich start to explore the international market, and Ioannidis is the exact type of striker that should be on their radar.

He's young, talented and clearly an excellent finisher. At 6'2", he's clearly got the athleticism to lead the line, and has done so by himself for a successful team in Panathinaikos for quite a while now.

With that in mind, he could easily be on a list of potential transfer targets for this summer, but suggestions of a €22.5 million bid (roughly £19 million) seem a bit far-fetched.

A move like that would take up a significant chunk of Town's transfer budget, and given that Ioannidis hasn't played league football outside of Greece, it would be a real risk.

The Blues will surely want to add another striker this summer, but this doesn't feel like one that will materialise. Even if Ipswich are interested, Panathinaikos' strong response indicates that he's probably staying in Athens unless a huge bid arrives.