RB Leipzig sports director Max Eberl says "there is no agreement" between the German club and Manchester City over Croatia defender Josko Gvardiol.
The 21-year-old is valued in the region of £86m and if that fee was paid by City it would make him the most expensive defender in football history.
When asked if a deal had been reached, Eberl said: "A lot has been written and the latest information about Josko surprised us all.
"Currently we're still very far apart."
He added: "As you can see, Josko is here - so it's not true.
"He didn't do a medical check - not that we know. And I don't think he did it behind our backs because he's just a full professional.
"There is no agreement, not even remotely an agreement."
The centre-back has made 87 appearances for the German club since signing from Dynamo Zagreb in July 2021.
Last season he scored against City in the first leg of their Champions League last-16 tie, which RB Leipzig lost 8-1 on aggregate.
He has won 21 caps for Croatia since making his debut in 2021 and helped his country finish third at the 2022 World Cup as well as runners-up to Spain in this year's Nations League.
Earlier in July Eberl confirmed talks were taking place with the Premier League champions but it was understood City were yet to make a formal bid.
Recent reports had suggested an agreement had been reached that would eclipse the £80m Manchester United paid for Harry Maguire in 2019.
Latest Stories
-
Shamima Muslim urges youth to lead Ghana’s renewal at 18Plus4NDC anniversary
25 minutes -
Akufo-Addo condemns post-election violence, blames NDC
32 minutes -
DAMC, Free Food Company, to distribute 10,000 packs of food to street kids
2 hours -
Kwame Boafo Akuffo: Court ruling on re-collation flawed
2 hours -
Samuel Yaw Adusei: The strategist behind NDC’s electoral security in Ashanti region
2 hours -
I’m confident posterity will judge my performance well – Akufo-Addo
2 hours -
Syria’s minorities seek security as country charts new future
3 hours -
Prof. Nana Aba Appiah Amfo re-appointed as Vice-Chancellor of the University of Ghana
3 hours -
German police probe market attack security and warnings
3 hours -
Grief and anger in Magdeburg after Christmas market attack
3 hours -
Baltasar Coin becomes first Ghanaian meme coin to hit DEX Screener at $100K market cap
4 hours -
EC blames re-collation of disputed results on widespread lawlessness by party supporters
4 hours -
Top 20 Ghanaian songs released in 2024
5 hours -
Beating Messi’s Inter Miami to MLS Cup feels amazing – Joseph Paintsil
5 hours -
NDC administration will reverse all ‘last-minute’ gov’t employee promotions – Asiedu Nketiah
5 hours