Hatters boss John Still revealed the club did enquire about Norwich City midfielder Cameron McGeehan ahead of his loan move to Cambridge United this week.
With the Canaries under new management as ex-Hamilton chief Alex Neil recently replaced Neil Adams, Still confirmed he had been in touch, only to find a permanent deal for the teenager remained unavailable.
He said: “We did ask, but they’re only interested in a loan and there’s no value in loaning at the moment.
“We would take Cameron McGeehan and Cameron McGeehan would come but I don’t want to loan him.
“If I loan him now, at this particular moment, he’d be behind (Nathan) Doyle, behind (Jonathan) Smith and probably behind (Andy) Drury.
“Well there’s no benefit in that. Would I take him permanently? Yes we would. If we get a chance to take him permanently, will we? Yes we will.
“But why would I bring him in to sit on the bench and not play? They’d want him to play and I understand that.
“There’s no benefit in that for us at the moment. Take him permanently? Yes. Loan him? We don’t need to.”