Real Madrid rejected Barcelona’s 70 million euro offer for this player?

After Neymar Jr., joined Paris Saint Germain, Barcelona have started to look over quality players to add in their team.
Before increasing bid for Coutinho, Spanish media report that Barcelona have offered 70 million euro for Real Madrid player Isco.

Same report say that Real Madrid has rejected this offer with a reason that Isco is not for sale. Sources close to Real Madrid say that in the coming weeks Isco is going to renew his contract and will sign a new five years contract with Los Blancos.

Today was reported that after Real Madrid rejected Barcelona for Isco, they increased the offer for Liverpool player Coutinho from 80 million to 100 million euro and in the next 48 hours is expected Countinho to arrive in Barcelona to pass medical checks.