Ask HN: How to get a domain from squatter

Hey HN, I have the following problem:

I'm interested in a domain zaman.co for my personal blog (Zaman is my last name). I asked the owner how much does he want for it and he went on and on that it's very valuable, since there is a turkish news site called zaman.com which is very popular. He also pointed out that I should make a very generous offer, but I don't want to spend a lot of money on it. Since the domain in question isn't used but just squatted I'm wondering there's a better way of getting it without spending much?

Thanks