By Editor Wayne Veysey| Former Evening Standard, Press Association and Goal chief correspondent with 17 years experience of breaking big stories, including exclusives like this

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Moussa Dembele has rejected a contract offer from Fulham that would quadruple his salary, Football Insider sources understand.

The striker’s proposed transfer to Tottenham fell through in the final 24 hours of the transfer window after he had completed a medical.

Dembele has now been offered a four-year deal by the Championship club to replace his existing agreement, which expires in the summer.

A source close to the situation has told Football Insider that the contract is worth £20,000-a-week, which is four times Dembele’s current salary of £5,000-a-week.

But the Frenchman will not sign and will press ahead with plans to find a new club, despite his move to Spurs falling through because the two clubs could not agree the terms of the deal.

Fulham were adamant that Dembele returned on loan for the rest of the season, while Tottenham were said to be keen for the forward to immediately link up with Mauricio Pochettino’s team.

Monaco and Juventus retain an interest in the 19-year-old, and are now the favourites to sign him, while Liverpool and Manchester United are also monitoring his situation.

Dembele, the namesake and former team-mate of Tottenham midfielder Mousa Dembele, has scored 11 goals this season for the Championship strugglers, including nine in 26 league games.

Fulham are in a delicate position as they could receive only a paltry compensation fee if the teenagers signs a pre-contract with a foreign club.

Target man: Tottenham boss Pochettino tried to sign Dembele in the window

Target man: Tottenham boss Pochettino tried to sign Dembele in the window

Fulham would only recoup the £300,000 fee they paid for Dembele in 2012 if he moved overseas in the summer but, were he to stay in England, they would be entitled to a far higher fee under Premier League rules.

Should the Londoners and the buying club from England not agree a fee, it would be settled by a tribunal, as in the case of Danny Ings when he joined Liverpool last summer after his Burnley contract had expired.

Dembele signed an initial three-year contract when he joined Fulham from Paris Saint-German. The deal was extended by a further 12 months last summer when both parties decided to trigger the option of a 12-month extension.