Monaco have denied reports they have accepted a world record €180m (£161m) offer from Real Madrid for teenage striker Kylian Mbappe.
According to reports in Spain, the reigning European champions are determined to "pulverise" the transfer fee record — currently belonging to Manchester United's £89m purchase of Paul Pogba last summer — in a deal for Mbappe in order to see off reported interest from United, Manchester City, Barcelona and Arsenal.
But Monaco, who have already sold three first-team players this summer, have quickly moved to quash the speculation.
It comes after the French champions last week publicly condemned "important" European clubs they said had been approaching Mbappe illegally.
They alleged that clubs had made contact with the 18-year-old, who scored 26 times to fire the Monaco to their first French title in 17 years last season, without first seeking permission from them.
According to Spanish newspaper Marca, a deal made up of a €160m fee plus €20m in future bonuses, has been agreed between Real and Monaco.
The sports daily reported that Mbappe would opt for a £120,000-a-week contract at the Bernabeu over a proposed £200,000-a-week deal with Paris Saint-Germain.