West Brom chairman Jeremy Peace says Saido Berahino will stay with club

West Bromwich Albion is refusing to let Saido Berahino depart The Hawthorns.

Jeremy Peace, the club's chairman, provided an update Thursday on the headache-inducing situation involving the 22-year-old forward, insisting that the player will not be sold this summer and criticising Tottenham Hotspur for its undervaluation of his services.

West Brom has already rejected two bids from Tottenham for Berahino, the second of which was reportedly valued at £22 million.

"I have informed Saido that he will not be transferred during this summer window and that he is staying at the club," said Peace, who held talks with Berahino.

"As I have made clear from the moment Tottenham lodged their first bid for Saido on August 18, selling our top goalscorer was never on our agenda this summer. Our plans have always been based on Saido being part of our squad for the 2015-16 season. But there are two other good reasons why he will not be sold.

"Firstly, had we ever entertained the notion of selling him we have not received an offer anywhere near attractive enough from Tottenham Hotspur. Not only have the offers been too low as a valuation of the player, but they have been based on stage-payments and add-ons over a long period which do nothing to reflect Saido's ability and potential."

Berahino's written transfer request was rejected by West Brom on Monday, and Tottenham is reportedly skeptical about making a third bid for the player following the rejection of its initial two offers.