Wolfsburg have yet to receive any offer for Manchester City target Kevin De Bruyne, the Bundesliga club's sporting executive has said.
Widespread reports last week claimed City had offered £47 million for De Bruyne, and there were then claims that the Premier League side had made an improved £50m bid.
However, City officials told the Sunday Mirror that was not the case, and Wolfsburg chief Klaus Allofs said there had not yet been any offer for the Belgium international.
"There are, according to some advisers, some clubs that show interest, but there is no official offer, because we have made our position quite clear," he told Bild am Sonntag.
Wolfsburg have said they do not plan to sell De Bruyne, 24, but have acknowledged that they would be open to an "extraordinary offer," and Allofs said he could not rule out a sale.
"I don't want to let myself get carried away because I've had some bad experiences doing that, but I've gone quite far by saying that it is 99.9 percent likely that Kevin will stay with us," he said, although he reiterated that it is "unlikely that Kevin will stay with us until the end of his contract in 2019."
Wolfsburg, who finished runners-up to Bayern Munich in the Bundesliga last season and won the DFB Pokal, are financially strong because of their ownership by Volkswagen.
Allofs said: "I've already said that we are not a club that depends on transfer income to determine our plans. Even so, I go back to what I've always said: If there is the possibility for a player to earn a truly exceptional amount of money, we have to deal with it seriously. Anything else would be wrong."
He added: "We're not in the same league as Bayern Munich, Manchester City or Real Madrid.
"Our salary budget is about a third of Bayern's."
De Bruyne's agent, Patrick De Koster, said last week that the former Chelsea midfielder would not request a transfer, and Allofs said: "I can only say that Kevin's behaviour has been very professional."
If Wolfsburg were to sell De Bruyne, the funds would be likely to be reinvested as they seek to challenge Bayern for the Bundesliga title in the near future.
"The gap to Bayern remains, but it would be nice if we could be the first in line to fill that gap," Allofs said. "Whenever Bayern may stumble, we want to be there."
Meanwhile, De Koster told The Sun on Sunday that a deal remains possible.
"There is big interest from City, as there is from PSG and Bayern, and they are going to offer Kevin a big contract," the agent said.
"So from a sporting element for Kevin, there is a chance to complete a deal, but on the other side, Wolfsburg want to try to get closer to Bayern in the Bundesliga and with Kevin it's easier than it would be without him. It's a tough situation.
"We respect Wolfsburg for everything they did rescuing him from Chelsea 18 months ago."