Rangers boss Walter Smith has played down speculation linking goalkeeper Allan McGregor with a move to Manchester United.
Scotland international McGregor has been mooted as a readymade replacement for United's veteran keeper Edwin van der Sar, who turned 40 last week.
United chief scout Martin Ferguson was reportedly sent to the Mestalla in midweek to watch McGregor in action against Valencia in the UEFA Champions League.
SPL leaders Rangers finalised a deal with the keeper's understudy Neil Alexander until 2013 on Thursday - potentially clearing the way for McGregor to move to Old Trafford.
However, Smith insists he would not welcome any big-money bids as he has no intention of losing any of his players.
"We are delighted to have two good goalkeepers," said Smith.
"But, because we have re-signed one of them, I don't think that should indicate that there is any speculation surrounding the other.
"If we were to lose any other players, we would end up with none. We've got a decent group of players and we've got a small group of players, as we keep saying.
"You talk about putting them in the shop window or players leaving but we can't afford to let any players leave. We just have to keep going.
"The lads that we've got have started the season extremely well and hopefully that will continue."
He added: "Speculation is what it is. Maybe it suits the media but it's not actually what's happening.
"We need to keep all our players and that's the only thing we can focus on."
Smith acknowledges that Alexander is likely to continue as second choice while McGregor remains with the Scottish champions.
"We are delighted that he has signed the new contract," said Smith.
"He is a good lad. It's not always been the easiest situation for him here but I must say that his professionalism has been exemplary.
"He has been absolutely fantastic in terms of his approach.
"He has come in and played in big games for us, he has played for long spells for us and then, as a manager, I've had to leave him out to bring Allan McGregor back in.
"It's not always been easy for him to take but I can't speak highly enough of him. His attitude is terrific and I'm delighted he has agreed to stay with us."
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