Partizan Belgrade have denied that they have agreed a deal with Fiorentina for starlet Stevan Jovetic.
The Montengero international is one of the most highly-rated youngsters in Europe and has been tracked by the likes of Real Madrid, Manchester United and Manchester City.
However, reports from Italy over the weekend suggested that 18-year-old Jovetic - who is captain of Partizan - was on his way to Florence.
Partizan have confirmed that Fiorentina have made contact but denied that a deal was done for Jovetic, whilst reiterating their intention to keep him until the end of the season.
"It is true we have held talks with Fiorentina, but their offer was quite insignificant," Partizan president Tomislav Karadzic confirmed.
"We have told them from the very start if they did not revise their offer there would be no further talks."
Jovetic's value is rising and rising and Partizan know they cannot keep hold of him. As well as making him captain this term, he is currently top-scorer in the Serbian top flight.
"We are in a bit of a delicate situation," said Karadzic.
"But Jovetic will not leave until the end of the season, and we would like to try and keep him until the end of the year."
Karadzic also revealed a team from Eastern Europe - believed to be a Russian side - made an 'astonishing' offer but Jovetic has no intention of going anywhere other than one of Europe's top leagues.
"A club from Eastern Europe sent a quite astonishing offer, a kind that you just cannot reject, but Jovetic doesn't want to continue his career in that part of the world and we will respect that," he continued.
Jovetic himself remained largely quiet on his future but he did deny being in Florence for talks.
"I cannot say anything as I have not spoken to my manager yet," Jovetic said.