Espanyol president Joan Collet has revealed that he has rejected Real Madrid's bid for goalkeeper Kiko Casilla.

Speculation is rife that the Blancos have agreed personal terms with the 28-year-old, with long-serving keeper Iker Casillas poised to join Porto.

Earlier this week Collet "categorically denied" that there was an agreement in place for Casilla - who began his career at the Bernabeu - to return, and he says that nothing has changed.

"There is no negotiation with Real Madrid right now, we have rejected the offer," he told reporters.

Casilla only ever represented Real Madrid's B and C teams during his time in the capital.