Newcastle have had their bid for Neil Taylor rejected. The Swans have defended themselves stating Taylor is worth much more and will play an integral part for the club in the Premier League.
"We recognise Neil as a young, talented Welsh player that has an important role to play at this club," Jenkins said on the club's official website.
"We brought him here from Wrexham and have helped nurture his development. He adjusted very well to the Championship last season and we look forward to seeing him play a big role as we enter the Premier League.
"That is why we have rejected Newcastle's bid. I spoke to Neil's agent and he understands the situation.
"We have a big challenge ahead in the Premier League, but together we can maintain the progress made by this club over the last few years."
Newcastle activated a release clause, however, the details are not too clear as to whether the Club have the right to reject the bid.
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