Adam Chapman has turned down two improved offers from Oxford United – but will stay with the club.

The out-of-contract midfielder is after a better financial deal, from the U’s, but chairman Kelvin Thomas says the club feel they have offered a fair deal.

"We have made two offers to Adam, both improving his existing agreement, however Adam feels he deserves a better financial package," Thomas said.

"We have agreed to disagree on the issue as we feel strongly that the offer is at a similar level to other players in the club with Adam's experience.

"Adam has clearly stated in discussions that he remains fully committed to the club and wants the opportunity to earn the level of contract he feels he deserves.

"Once his existing agreement expires at the end of this month we will discuss with Adam about entering into an agreement whereby he continues playing on his existing financial package as per Football League regulations."