Nicolas Gaitan's agent has insisted Benfica have yet to receive any offers from either Manchester City or United for the gifted Argentina international.
Gaitan, 23, is considered one of football's brightest talents, and has subsequently been linked with a move to Premier League giants City and United.
But the playmaker's representative, Jose Irribaran, has moved to quash the speculation over his future, insisting that an approach has not been made.
Irribaran told Portuguese radio station Antena 1: "I think any team in the world would like to have Gaitan. However, at this moment neither side has been in contact.
"Gaitan is thinking only of Benfica and not the rumours in the papers. His objective is to play and to develop as a player," he added.
"The footballer is happy at the club and wants to win titles in Benfica. He's content in Portugal and that is very important to how he performs on the field."
Gaitan signed a new five-year contract in October 2011 which boasts a release clause of £38.5 million.