Wolfsburg are in talks to sign Borja Mayoral from Real Madrid but no agreement is in place, according to sporting director Klaus Allofs.
A report in Spain on Sunday claimed the 19-year-old has agreed to a one-year loan deal with the Bundesliga club, having become frustrated with a lack of opportunities under Zinedine Zidane.
Allofs has denied that any transfer has been completed, but confirmed that discussions over the "extraordinary" forward are ongoing.
"This is not a done deal," he told Kicker. "There are talks, yes. But you have to see this as being at a mid-point and you need to have perspective.
"Mayoral is a player who showed extraordinary performances in the Youth League and for Real's reserve team."
Borja made six appearances in LaLiga last season.
'Did I say no to Liverpool last summer? Yes, I did. But I'll be very clear: if this offer had come at the end of August, just before the end of the transfer window, I would have accepted it' Reds target admits he turned down Arne Slot's project
Manchester City ready to sell Phil Foden, in shock transfer listing: report
