Reports in Scandinavia suggest that Newcastle have offered Birmingham £4.2million for the former Arsenal winger.
Larsson is currently with Sweden at the European Championships and has been offered a five-year contract by Birmingham.
City boy: Birmingham believe Sweden's Sebastian Larsson (left) will stay at the club
But despite interest in the 23-year-old following City’s relegation from the Premier League, the St Andrew’s board are in no mood to cash in:
“We don’t want to sell Seb, he’s part of our plans for next season and I think he’ll be loyal to the badge,” said chairman David Gold.
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The O2
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