Manchester City have quashed speculation that they are going to sell young defender Micah Richards and revealed they want to extend his contract and give him a major pay rise.
City, who have also confirmed that they are in negotiations to sign 30-year-old former Italy striker Bernardo Corradi from Valencia, have reacted angrily to claims that 18-year-old Richards has put in a transfer request.
But with Tottenham, Liverpool and Arsenal showing interest in the former Oldham academy youngster, City know they must open negotiations to tie the player to Eastlands for at least the next four years, while quadrupling his wages.
Richards signed his first professional contract, a three-year deal, last June but with wages that now do not reflect the major impact the player has had on Stuart Pearce's squad.
Richards can expect to see a wage hike up to £12,000 a week if he signs a new deal which will see the two years left on his current contract torn up and replaced by a new four-year one at least.
City have also tried, unsuccessfully, to buy out the clause in the agreement they had with Oldham that would see the Boundary Park club claim a percentage of any future sale of the player.
City's head of communications, Paul Tyrrell, said: 'For the record, Micah has not submitted a transfer request.
'He is not for sale and is happy at Manchester City. We are looking to extend his contract here at this football club.'
City are also on the brink of signing Corradi, who has 13 Italy caps and spent last season on loan at Parma. A £1million fee has been agreed and the player is believed to be currently in Manchester discussing terms.
He spent last season on loan at Parma having failed to make an impact on La Liga following his arrival from Lazio. He has now been told he can leave Valencia following the £3.1m acquisition of Fernando Morientes from Liverpool.
Corradi scored a creditable 10 goals in 35 appearances for Parma last term.
Parma had hoped to keep the player in Italy for the forthcoming campaign but it seems he is heading for the Premiership.
His agent Moreno Roggi said: 'We currently in Manchester negotiating Corradi's contract with City. Everything has been agreed between the clubs and I think the player will soon sign his contract. Corradi is very happy.'