"We started off bidding at £500,000 for Blakey and we are now up to £1m with £250,000 on promotion.
"His agent tells me Burnley want £1.5m, but that won't happen. That is too much. I think we will have to go elsewhere now.
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"Just because we lost at Ipswich doesn't mean there is a clamour for players, but I have been trying for a while to strengthen the squad. It might be easier in January when the Premier League clubs are doing a little bit of business."
Other targets that have been linked with the Latics are David Nugent from Bury and goalkeeper Scott Carson from Leeds United.