Real Madrid have reiterated their stance that goalkeeper Iker Casillas will not be sold.
The Spain number one has been linked with a move from the Santiago Bernabeu with Manchester United purportedly ready to pay big money to land the 25-year-old.
A fee in the region of £30 million has been mentioned, but new Real president Ramon Calderon insists there is no chance of the shot-stopper leaving the club.
Casillas signed a new contract that ties him to Real until 2011 last term and Calderon has brushed off the latest round of speculation.
"It's only a rumour," he told the club's official website. "We haven't received any offers.
"I would consider 'cheap' Casillas being worth é¼45 million. We certainly wouldn't sell him for that amount."
The Real supremo also ruled out the possibility of Sergio Ramos leaving the club with Chelsea having been put forward as a suitor of the young defender.
"Ramos has a great future ahead of him and he is a great talent. We are not going to sell him," Calderon added.