Velez Sarsfield have refuted reports suggesting Real Madrid have lodged a bid for Nicolas Otamendi.
The Primera Liga giants have embarked on a remarkable summer spending spree of late, with Cristiano Ronaldo, Kaka, Karim Benzema and Raul Albiol all acquired for big money.
The latest star to fall under their radar was said to be Argentine youngster Otamendi.
The 21-year-old defender has caught the eye of Europe's top clubs after enjoying a productive 2008/09 campaign.
Having established himself as a regular in the Velez Sarsfield starting line-up, the youngster also broke into Diego Maradona's national side.
His rapid progress has not escaped the attention of Real, with the Spanish side believed to be preparing a €20million (£17.3m) approach for his services.
Velez insist no bid has been received as yet, despite reports to the contrary, but the South Americans do admit to having held talks with Real regarding Otamendi.
"I wish it would have been like the papers say, but Real have not offered €20million for Otamendi," said Velez president Fernando Raffaini.
"It's true that I had a meeting with (Real director) Jorge Valdano, we spoke about many things, but he didn't make an offer at any point.
"We had a conversation and he said that Otamendi could be a good player for Real Madrid, but all we spoke about was thinking about the future.
"Velez intends to have the player in their team for at least another year."