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.
‘The pure simplicity of the way Slot has managed the squad is probably the biggest thing I could say about him. It’s not broken, so let’s get on with it’: Liverpool legend full of admiration for Jurgen Klopp's successor at Anfield
‘I trained at Spurs and thought they’d give me a chance. But I received a letter thanking me but saying they didn’t think I was good enough – I was gutted’: How Tottenham missed out on signing Wales legend John Toshack
