Udinese president Franco Soldati has dismissed claims that the club have agreed a deal with Barcelona for Alexis Sanchez.
It has been reported that a transfer to Barca for Sanchez is all-but rubber-stamped, with the player making no secret of his liking for the European champions.
A fee in the region of €25million (£22.3m) has been mentioned, with Jeffren Suarez mooted as a makeweight in the alleged deal.
But Soldati said: "Regarding reports of a possible transfer of Chilean striker Alexis Sanchez to FC Barcelona, I would like to point out that they are not true.
"No agreement has been reached between Udinese and Barcelona for the transfer of this player.
"Moreover, no meeting has been scheduled between the two clubs to discuss such transfer."
He added in Chilean daily La Tercera: "According to what the player's agent, Fernando Felicevich, told us Sanchez already has an agreement with Barcelona and a contract for €3million (£2.7m) a year.
"That doesn't mean that Barcelona will be his destination but we are aware that the player wants it.
"Nevertheless I don't think negotiations will be finalised until the end of June.
"A 'yes' from Sanchez has nothing to do with a 'yes' from Udinese. They are two completely different things.
"We will begin negotiations with Barcelona and, if they pay the fee we want, there won't be any problems."
Sanchez, who is under contract at Udinese until 2014, is also reportedly a target of Inter Milan and Manchester City.