Manchester United's hopes of signing Sao Paulo's Lucas Moura have been scuppered with the revelation that the Brazilian wonderkid will not be leaving the club this summer.

The 19 year old, who is competing as part of Brazil's Olympic football squad, has been heavily linked with a move to Premier League in recent weeks.

Moura has stared in his homeland, however any hopes United had of recruiting the forward have been ended by Baptista, who says his prized asset is happy in Brazil.

Lucas Moura
Moura is part of Brazil\'s Olympic squad.

"There are no negotiations going on. Everybody knows that we got an offer for him, and rejected it. It's also known that Lucas doesn't want to leave. The only person keeping the expectations alive is his agent," said Baptista.

"The decision is final. There will always be great teams going after great players.

"This mismatch between the European and Brazilian transfer window makes it hard for national clubs, and we have to deal with that."

Moura's Brazil got their Olympic campaign off to a winning start, by beating Egypt at the Millennium Stadium with goals from Rafael, Leandro Damiao and Neymar.

Moura was again bombarded with questions following the game, but claimed no decisions will be made over his future until after the Games.

"I am focusing on my team, Sao Paulo and in Brazil's national team at the moment. I'll decide my future after the Olympics," he said.

United have already added Shinji Kagawa and Nick Powell to their artillery this summer, as they attempt to claw back the Premier League title following Manchester City's last gasp winner against Queens Park Rangers which delivered their first domestic championship for 44 years.

Meanwhile, legendry goalkeeper Peter Schmeichel has been appointed an official club ambassador, the Old Trafford club have confirmed.

The Dane spent eight years at United winning five Premier League titles, three FA Cups and the Champions League and will attend various functions behalf of the club.

"It's a great honour to be an ambassador for Manchester United. I spent many happy years at the club and achieved some of my greatest sporting accolades whilst playing here, so I was delighted to be asked to take up this role," Schmeichel said.

"I am looking forward to working with United again and sharing my experiences, as well as catching up with some of my former team-mates."