Olympiakos have yet to open talks with Blackburn about keeping Matt Derbyshire, skysports.com understands.
Reports emanating from Greece have suggested Olympiakos were in negotiations with Blackburn about turning Derbyshire's loan deal into a permanent arrangement.
Derbyshire has been a revelation since his surprise loan switch during the January transfer window.
The England Under 21 international has scored six goals in 11 appearances, helping Olympiakos win the Greek championship and reach the cup final.
It is thought the Greek giants are looking into the possibility of signing Derbyshire long-term, but the player's agent Gary Porter insists talks are yet to take place and will not get underway until the end of the season at the earliest.
"Matt has really enjoyed himself in Greece, but there has been no talks between both clubs and there will be none until the Premier League season finishes at the earliest," Porter told skysports.com.
"All Matt's focus is on the cup final this weekend."