Sky Sports reported on Friday that Watford had received a £10m offer for the striker from Chinese first division side Hebei China Fortune, which will be discussed in Saturday’s meeting.
But it is understood the Nigeria international, who scored 20 times in 38 appearances for the Hornets last season, is reluctant to move to the Far East and would rather remain in England.
Ighalo’s haul last season included four goals in the 7-2 victory over Blackpool in January and, with Chinese clubs pushing for new recruits from England this summer – capturing Tottenham’s Paulinho for Guangzhou Evergrande – Ighalo’s goalscoring has been noticed by Hebei, who finished 14th in the Chinese second tier.
Hebei are managed by former Real Madrid, Atletico Madrid and Barcelona head coach Raddy Antic, who played for Luton in the 1980s.
Watford have been busy in the transfer market already, bringing in Austria defender Sebastian Prodl, goalkeeper Giedrius Arlauskis and attacker Matej Vydra on a permanent deal from Udinese.