Lazio president Claudio Lotito says Liverpool have "zero chance" of signing Mauro Zarate this summer.
The Argentine forward is thought to be interesting a whole host of clubs - including both Liverpool and Manchester City - after scoring 12 league goals this term.
But Lotito says the former Birmingham City striker - who is on a season-long loan at Lazio from Qatari side Al Sadd - will stay in Rome.
Lazio have until the end of this month to finalise a permanent deal for the player and Lotito says the club intend to do just this.
Speaking about the possibility of Liverpool signing the player, Lotito said: "There is zero chance. Lazio will exercise their option to buy Zarate and they will not sell Zarate to Liverpool, full stop."
His comments come after Sergio Zarate, who works as one of the agents for his brother, confirmed a number of clubs are asking about the Argentine.
"I can not say which clubs, I can only say that two Italians, two Spaniards, two British and one German," he told Calciomercato.