Real Madrid manager Bernd Schuster has been handed a vote of confidence by the Bernabeu board.
Speculation suggested that Real were ready to part company with the former Getafe boss following an inconsistent season.
Sporting director Predrag Mijatovic scheduled a press conference in the Spanish capital on Monday evening where rumour implied it could be announced Schuster was to leave the club.
But Mijatovic insists Schuster - who took over in 2007 - continues to enjoy the full support of the Bernabeu hierarchy and the Real squad.
Mijatovic said that president Ramon Calderon and the board of directors had, "full confidence in our players and our coaching staff.
"My obligation as sporting director is to transmit to our fans a sense of tranquillity, serenity and calm.
"Now it is necessary to trust that we have a solid project, that we have great players who are able to improve and can obtain the objectives that we have."
The Primera Liga title holders currently sit fourth in the table and Saturday's defeat at Real Valladolid piled on the pressure.
Real also crashed out of the Copa del Rey to minnows Real Union last week and they have failed to impress in the UEFA Champions League.