Portsmouth have said that they would be willing to sell the club, if the right offer came along.
Owner Alexandre Gaydamak has been reportedly looking to offload the club, with suggestions that the south-coast club are in financial turmoil not helped by the sale of players like Sulley Muntari this summer.
Manager Harry Redknapp has found funds hard to come to by to rebuild his injury-hit squad, while there has been speculation that there could be a mass exodus in the January transfer window if performances on the pitch are not turned around.
However, the club have moved to quell such talk, claiming that they would only consider selling up if ' the right offer' came along.
"The press seem determined to speculate on the sale of a number of clubs in the Premier League and have now turned their attention to Portsmouth," said the club in statement on their official website.
"The club's owner has already stated that the club is not for sale but, as with all businesses, should the right offer be forthcoming serious consideration would be given to the proposal.
"The financial position of the club is fully audited and is consistent with its peers in the football industry.
"The club's growth and performance over the last two-and-a-half years is evidence of how well the club is managed. "
Last week Portsmouth were forced to confirm that Gaydamak was their owner after the Premier League sought clarification about who was in charge at Fratton Park.
The League had reacted following newspaper reports in Israel which suggested that Gaydamak's father Arkadi was in fact the owner.
Manager Harry Redknapp said: ''You show me a club that's not up for sale if somebody offers fantastic money.
''I don't know if the owner here wants to sell but I bet every club has a price on it.
''I know we have fantastic assets here - and they are on the pitch. I've spoken to the owner and he's told me we don't have to sell.
''At the moment I don't want to sell anybody. I turned down a £15million bid for (Lassana) Diarra on transfer deadline day. I'm not saying who from - he might want to go there.
''But he is worth more than that.
''We had to sell Sulley Muntari and Pedro Mendes in the summer to get Peter Crouch and and a few others. It happens in football but I wouldn't have a clue what players earn or what they cost.
''I had to sell Benjani last season which I didn't want to do but I needed to do that to get Defoe who is younger. Nearly every team is in debt and has to sell to buy. Nobody is making millions.''