Fiorentina co-owner Andrea Della Valle says it is now too late for Stevan Jovetic to leave the club before the close of the transfer window.
Jovetic has been repeatedly linked with a move away from Fiorentina this summer, with respective Serie A and Premier League champions Juventus and Manchester City rumoured to be keen.
There is a 'gentleman's agreement' which would reportedly see Fiorentina allow Jovetic to leave if an offer in excess of €30million (£23.7m) comes in for the Montenegro international.
However, Della Valle has reiterated his intention to keep Jovetic and does not expect the 22-year-old striker to go before Friday's transfer deadline.
Quoted on calciomercato.com, the Italian businessman said: "Jovetic is going nowhere.
"He's under contract and there is no release clause. A gentleman's agreement exists, but we will absolutely not be letting him go now.
"As far as I'm concerned the transfer window should close when the championship starts."
Jovetic underlined his importance to Fiorentina by scoring both goals in Saturday's 2-1 victory over Udinese in the opening game of the new Serie A season.