Inter Milan have no intention of selling star striker Mauro Icardi this summer.
Reports in Italy claimed Inter could put the Argentina international on the market at the end of the season if the Nerazzurri fail to qualify for the Champions League in the 2015-16 campaign.
Inter sporting director Piero Ausilio vehemently denied those rumours and insists that Icardi, who is a reported target of Premier League sides Chelsea and Liverpool, will remain at the club for the foreseeable future.
He told his club's official website: "What would happen if they offered me 40 million euros this summer for Icardi? We have no intention of negotiating.
"We are thinking about the present and the future with Icardi. Our intentions are clear, we are building a team that will last for a long time, with young valuable players.
"To talents like [Croatian midfielder Mateo] Kovacic and Icardi, we have brought in other players of quality like [Croatian midfielder Marcelo] Brozovic and [Swiss midfielder Xherdan] Shaqiri. This is in the direction that we want to move forward.''
Icardi, 22, joined Inter from Sampdoria in 2013 and has scored 14 goals in 24 Serie A appearances for the Nerazzurri this season.
The South American is expected to sign a one-year contract extension with Inter this week which will keep him tied to the San Siro outfit until June 2019.
"We know we have to recognise the good work he [Icardi] had done and that will be done,'' Ausilio said. "He has made his requests and we are working towards that.
"What matters is that we will soon reach an agreement, I'm convinced.''
Inter, coached by Roberto Mancini, are ninth in Serie A, 10 points adrift of Napoli, who are third and hold the last Champions League qualifying spot.
The Nerazzurri are through to the last-16 of the Europa League where they will face German outfit Wolfsburg later this month.