Dargo has been a big hit since moving to the Highlands

The 29-year-old's agent, David Baldwin, told the P&J: "Craig was very grateful for the offer but he will be looking for a move.

"From the Inverness view, it was a record offer but you have to put it into context with the goals that Craig had scored and his market value.

"At this stage in his career, he wants to maximise what he can earn."

Dargo hit 12 goals in an injury-hit 2006/2007 season at the Caledonian Stadium.

And during his first season in the Highlands, the former Kilmarnock forward netted 19 times.

"I appreciate that Inverness took a gamble on him, but I feel he has repaid them in the last two seasons," added Baldwin.

Inverness will now turn their attention to finding a replacement for Dargo.

"It's very disappointing that Craig has rejected our offer but we wish him all the best," said director of football Graeme Bennett.

"We still have good strikers in Graham Bayne, Dennis Wyness and Rory McAllister but we're looking to add now Dargo has gone.

"We have made enquiries and we're making some progress.

"We made Craig a very good offer and his agent stressed that when he phoned to tell me the player's decision.

"But he can get more elsewhere, and his girlfriend wants to stay in the Central Belt."