The report states that both Liverpool and Sevilla are unwilling to match the Ukrainian international’s high wage demands.
Konoplyanka is understood to be holding out for a four year deal worth €3.5 million per season.
The 25-year-old is also demanding high bonuses and a minimum fee release clause in his contract.
Konoplyanka’s contract with the Dnipro expires at the end of the month meaning he is free to speak with any club.
Galatasaray are also in the race to sign the in-demand winger. The Lions are reported to have offered Konoplyanka a deal worth £1.65 million plus bonuses per-season.
Konoplyanka reached the Europa League final with Dnipro last season but his side lost 3-2 against Sevilla.
The Ukrainian international provided seven assists and scored eight goals in 42 appearances for Dnipro in all competitions last season.