Schalke sporting director Horst Heldt has insisted the Bundesliga side have not received any offers for Leroy Sane, amid persistent links to Manchester City and Liverpool.
The 19-year-old has been heavily linked with a move to the Premier League in recent weeks, despite Schalke's insistence that Sane is not for sale at any price.
A number of reports suggest City are preparing an offer in excess of €40million, but Heldt has made it clear there are no developments at this stage.
"There are no offers for Sane at the moment," Heldt was quoted as saying by Kicker.
"It would be wrong not to take any potential developments into account and we are more than experienced enough to realise that.
"But we have also learned that you should not focus on things too much until something becomes serious.
"That is not the case as things stand."
Sane has a contract with Schalke until June 2019.
'People will remember us because we got to No.1 in the world rankings and achieved great things - but our biggest regret is that we didn’t win anything': Ex-Everton star Kevin Mirallas opens up on 'honour' of being part of nation's golden generation
‘I’m sure we’d have finished in the top four or five if he hadn’t joined Chelsea in January. Him leaving damaged the team, but we couldn’t stand in his way’: Alan Curbishley reflects on failed Champions League dream after selling key player
