Primera Division side Granada have confirmed their interest in signing Spanish forward Michu from Swansea.
Swansea are keen to sell the Spain international, who has one year left on his contract, and the 29-year-old has been linked with a return to La Liga.
"We like Michu a lot," Granada sporting director Juan Carlos Cordero said to Spanish sports newspaper Marca. "We have spoken to him and with his agent, but there is no agreement nor have we begun negotiations.
"He would be a very important player for Granada but he has a contract with his club.
"We have players in that position and we also have a budget that we must respect."
Garry Monk has signed a new three-year contract with Swansea that will see him remain at the club in the summer of 2018.
Former Swans player Monk took the reigns in February 2014, steering the club to safety and finishing 8th in what proved a hugely successful 2014/15.
"We've been talking for a while, mostly over the finer details, so I'm glad it's all finalised heading into a new and very important season for the club," Monk told swanseacity.net
"It hasn't been a distraction because I will always remain focussed, but it was a situation both myself and the club felt was important to get clarified before the season started.
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Swansea City have signed striker Eder from Portguese side Braga, the club have confirmed.
The Portuguese international has penned a three-year deal with the Welsh club.
Swansea will complete the signing of St Etienne defender Franck Tabanou, according to the player's agent.
The former France Under-21 international is having a medical at the Premier League club on Thursday and should become Swansea's second signing of the summer.
It is understood Swansea will pay around £3.5million for the 26-year-old who will provide competition for Wales left-back Neil Taylor.
Tabanou's agent Philippe Lamboley previously told BBC Wales: "He has chosen Swansea, he has told me he is not interested in any other offers from any other clubs."
Defender Neil Taylor has extended his stay with Swansea after agreeing a new four-year contract.
The 26-year-old, who had been linked with West Brom, Aston Villa and Crystal Palace, had 12 months remaining on his existing deal but has ended any speculation about his future.
Taylor was a key member of the side which finished eighth in the Premier League last season, making 34 league appearances.
The left-back, who joined the club in 2010 from Conference side Wrexham, has been named in the Wales squad for their Euro 2016 qualifier against Belgium in Cardiff next week.
Swansea City striker James Demetriou has been charged by the Football Association for alleged breaches of the betting rules.
Demetriou is accused of breaking Rule E8 and has until June 1 to respond to the charges.
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