The 23-year-old striker is the League Two joint-second top scorer with 20 goals this season, and has been linked with a move away from Spotland.
Swans bossKenny Jackett has just two fit strikers at the club - Lee Trundle and Paul Connor - and wants to add to his squad.
But Swans chairman Huw Jenkins said: "Rochdale value him a lot higher than £75,000 and ideally want to keep him."