Manchester City have denied they have agreed to pay £31.4m for Inter Milan's Wesley Sneijder after reports surfaced in an Italian newspaper.
La Gazzetta dello Sport reported on Friday that City had signed the 27-year-old Dutch international.
A source at Manchester City has told BBC Sport no bid for Sneijder has been made for the midfielder.
FA Cup holders City play Premier League champions Manchester United in the Community Shield on Sunday at Wembley.
Sneijder scored with a free-kick after being named in Inter Milan's starting line-up against AC Milan as they city rivals contested the Italian Super Cup in Beijing.
AC Milan recovered to win 2-1 with second half goals from Zlatan Ibrahimovic and Kevin-Prince Boateng.
The article in La Gazzetta said he would fly to England after the match to begin talks with City.
Inter have also denied any talks have taken place regarding a proposed move to the Premier League for Sneijder.
On Thursday, Inter coach Gian Piero Gasperini said: "I think there is a bit of misinformation flying around, in fact a lot. I've realised that when it comes to Inter, people exaggerate situations that don't exist.
"It's normal during the transfer window that there are rumours especially revolving around a club like ours which has great players.
United have been linked with signing Sneijder before the end of the transfer window, but manager Sir Alex Ferguson has consistently denied he has made an offer for the player.
On Monday, after arriving in China, Sneijder was asked about a possible transfer away from Inter Milan.
He replied: "Maybe. I have played in many big competitions in Holland, Spain and Italy and I'm still here.
"What is going to happen we will see but I am a happy guy. There is always a chance something will happen but we will see."