Sevilla president Jose Maria del Nido insists Real Madrid will not utilise their option to buy back striker Alvaro Negredo.
Sevilla paid a club record €15million (£13million) for the Spain international in 2009, with Madrid inserting a clause whereby they could buy back the striker within two years.
Negredo netted a career-high 20 league goals last season, sparking speculation of a return to the Bernabeu, but del Nido can foresee no such transfer.
"In the last conversation we had with Real Madrid, they told our director general that they didn't intend to use the re-buy clause," del Nido said.
"The player has also said publicly that he doesn't want to leave Sevilla. I don't think there is a chance he won't be a Sevilla player in the coming seasons."
Meanwhile, del Nido claims the club have held negotiations with Tottenham forward Giovani dos Santos, who enjoyed a successful loan spell at Racing Santander last season.
New Sevilla boss and former Santander manager Marcelino Garcia Toral managed the Mexican for the six-month loan, but del Nido admits the transfer is not a formality.
"It is certain that we have spoken with the player (dos Santos) and we interest him, but he is not a unique target for the squad.
"I have made it clear that Sevilla will not pay €8million (£7million) for the player even without knowing if (Frederic) Kanoute will stay with us."