Portsmouth chairman Milan Mandaric has denied trying to buy Leicester - but would not rule out a future bid for the Coca-Cola Championship club.
Reports today indicated Mandaric was keen to land a controlling stake in the Foxes after suggesting he would not remain at Pompey in the long term.
Mandaric holds the post of non-executive chairman at Fratton Park after after selling the club to Alexandre Gaydamak last month.
'There is no truth in the story at this time. Of course I respect Leicester City Football Club and their position, but I am still chairman of Portsmouth and, while I am chairman, you have got to be faithful to them,' Mandaric told the Leicester Mercury.
But when pressed on his intentions regarding Leicester, Mandaric said only: 'It would not be right if I said anything more. I respect Leicester City but I am the chairman of Portsmouth and I cannot say anything while that is the case.
'I will be at Portsmouth for the foreseeable future. If there is a time for me to move on, I always said I'm not going to go away from football.'