Inter Milan president Massimo Moratti claims the club remain in the running for Sao Paulo playmaker Lucas Moura, but will not be drawn into a bidding war.
The Italian giants face competition for the Brazil international's signature from Manchester United, Chelsea and Real Madrid.
It is understood that United have already seen one approach knocked back, with Sao Paulo prepared to risk missing out on a deal by holding out for the best possible price.
Inter are aware of the transfer tactics being used, with clubs being played off against one another.
The Serie A outfit refuse to be dragged into such a scramble, but Moratti admits they will continue to closely monitor Lucas' situation.
"Let's see what happens," he told Gazzetta dello Sport.
"There is an auction that seems challenging, but Inter are in there.
"But I'd prefer to see something done right or not at all."