Sevilla are yet to receive a bid from Manchester City or Tottenham for striker Alvaro Negredo, the La Liga club have confirmed.
Reports suggest City are set to clinch a deal to sign the 27 year old to help bolster their assault on reclaiming the Premier League.
Tottenham have previously been linked with a move for Negredo, who scored 25 league goals last season, but Sevilla insist no bid has been received for the highly rated Spaniard.
"Sevilla have specific financial demands for Negredo. If they are not met, then he will play here next year," club president Jose Maria del Nido said.
"There have not been any offers from the Premier League yet, neither from Manchester City nor Tottenham.
"Atletico Madrid withdrew from negotiations over ten days ago."
West Ham United had an offer of £14.5m for Negredo rejected last month by Sevilla, who have already sold Jesus Navas to City.
In addition, Sevilla claim the deal for Navas, worth in the region of £22m, means the Spanish club are under no pressure to sell Negredo in the summer window, a factor which is likely to test City's resolve.
Navas joined the previously confirmed signing of Fernandinho in becoming City's second summer recruit, a reaction to their tame defence of the league title last season where they eventually finished 11 points behind champions Manchester United.
With Sergio Aguero having signed a contract extension until 2017 and new manager Manuel Pelligrini unlikely to allow Edin Dzeko to leave the club, City are seeking at least one new attacking addition following Carlos Tevez's switch to Juventus.
Tottenham meanwhile are also likely to make a foray into the market for a forward with Emmanuel Adebayor subject to a bid from Besiktas after a disappointing season in front of goal for the north Londoners.
Long-term target Leandro Damiao is a confirmed target for Southampton leaving Tottenham boss Andre Villas-Boas with few options heading into the remainder of the window.