England goalkeeper Tom Heaton has committed his future to Burnley by signing a new contract until June 2018.
Wolfsburg have moved to sway Newcastle away from a move for Bas Dost by claiming the striker would command a fee around the £29million mark.
Redmond, 19, has enjoyed an impressive end to this year's campaign as the Blues steered themselves well clear of relegation trouble with six wins in 11 games.
The youngster has just one year left on his contract and is attracting attention from a number of Premier League clubs, but Clark insists only a hugely substantial bid will prevent Redmond spending another season at St Andrew's.
Clark told the Birmingham Mail: "It would be a crazy decision to cash in on him.
"It would have to take big money, a fantastic offer, for us to part with him.
"Can we keep him? Yes, of course. Why not? He's a superb player. He's a local lad and he's enjoying his football."