Manchester United have not made an approach for Everton Ribeiro, according to the director of football at Cruzeiro, although he concedes the club would be willing to sell if an 'absurd' offer was made for the player.
The 24-year-old has emerged in recent days as a potential January transfer window acquisition for the Premier League champions, with suggestions a bid for the Brazilian midfielder is imminent.
David Moyes is reported to have posted scouts to compile a dossier on the former Brazil under-20 international, while Ribeiro himself has admitted that moving to Old Trafford would be the realisation of a dream he harboured as a youngster.
Cruzeiro director of football Alexandre Mattos, however, claims there has been no bid made by Manchester United for Ribeiro - who only joined last January - and neither would the club encourage one.
There have been claims that €8 million would be enough for Moyes to capture Ribeiro, but Mattos has moved to dismiss such an assertion, given that a more significant offer has been rejected in the past.
"There are no offers, just speculation," Cruzeiro's director of football Alexandre Mattos told Globo Esporte.
"Everton Ribeiro said he dreams of playing for Manchester United, then people started talking, and they said he would cost €8 million [£6.7m] - that makes no sense.
"We turned down a €10m [£8.3m] offer [from a club in the Middle East] for the percentage we own and that happened halfway through the season."
Mattos does add, however, that the club could feasibly sanction the sale of Ribeiro if an offer is made that is simply too good to refuse.
"Cruzeiro don't want to let any player go. On the contrary, we want to bring in more players and that's not me talking, the president said that.
"Of course we are responsible, and if an absurd offer for Everton Ribeiro or any other player comes, we have to sell."