Julio Baptista's agent claims his client will only listen to offers of a permanent contract this summer.
The Real Madrid forward is thought to top the summer shopping list of Serie A giants Roma, with the Italians keen to bolster their attacking options ahead of the new season.
However, the Giallorossi are yet to make a formal approach for the Brazil international and talk of a possible loan deal appears to have been ruled out.
"For the moment nobody from Roma has contacted me and I haven't spoken to Real Madrid," Herminio Menendez told Centro Suono Sport.
"I only know what Spanish newspaper Marca says and that is that two Roma officials are expected in Madrid to talk to Los Merengues.
"A transfer for Baptista is possible if Real agree, but a loan is impossible.
"Only a permanent sale is possible and I don't know what the fee would be."