West Bromwich Albion have confirmed they are "in talks" with Birmingham City about keeper Ben Foster, who spent last season on loan at The Hawthorns.
"But the price has to be right for us - and Blues," said sporting and technical director Dan Ashworth.
Ashworth also dismissed speculation surrounding Albion's Swedish centre-half Jonas Olsson, who has been linked with both Tottenham and West Ham.
"We certainly haven't heard anything from anyone," said Ashworth.
"Jonas is still under contract here, he's an important player and an important part of our future."
Olsson, 29, who has one year left on his Baggies contract, admitted following Roy Hodgson's departure as manager in May that he would wait to see who Albion appointed before considering his long-term future at the club.
He has spent the past month with Sweden at Euro 2012 but following their exit at England's hands on Friday night, he can now turn his attention to his Albion future.
Leamington Spa-born Foster was a £6m capture for Blues from Manchester United in May 2010.
He has 12 months of his three-year deal to run and will be out of contract at the end of next season.
Albion's Premier League rivals Queens Park Rangers are also reportedly interested in signing him.