TRANSFER GOSSIP: Posh have million-pound striker bid rejected, according to reports
The 21 year-old striker has scored 46 goals in 109 appearances (17 as a substitute) for the Scottish Championship club.
Scottish TV has said the Posh bid was made yesterday (August 5) and with add-ons was worth £1.7 million, but Hibs are not interested in selling.
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Hide AdCummings signed a new four-year contract earlier this summer.
Posh let forward Aaron Williams join non-league Nuneaton yesterday. Striker Lee Angol is out of action until October with a broken leg.
It would be a surprise if Posh had that sort of cash available for a purchase, even though they sold winger Jon Taylor to Rotherham for a reported £500k yesterday.
Posh director of football Barry Fry could not be reached for comment. Posh chairman Darragh MacAnthony declined to comment.