Manchester United, Arsenal and Liverpool have been dealt a blow in their alleged pursuit of Will Hughes, after the Championship club's chief executive warned the midfielder will not be leaving Pride Park this January, reports the Daily Star.
The England U21 international has been heavily linked with a move away during the mid-season window, as a number of different Premier League suitors ramp up their interest in the playmaker's signature.
Red Devils boss David Moyes is understood to be keen to lure Hughes to Old Trafford, as he looks to add a creative spark to his midfield ranks this month.
Brendan Rodgers and Arsene Wenger have both also been mooted as admirers of the 18-year-old, and are ready to make rival bids to bring the Derby star to Anfield or the Emirates Stadium.
However, Manchester United, Arsenal and Liverpool's respective hopes of signing Hughes now look slim, after Sam Rush reiterated the high-flying Rams' commitment to retaining his services beyond the current transfer window.
"Will is best placed in Derby," he said. "There is a huge amount for him to achieve here and I don't feel commercially it is the right time for us to entertain any other discussions.
"You look at a variety of factors when you make a decision. Is it right for the player? Has he already maximised his contribution to the club - is there any more he can do for us? And is he at the height of his potential in income you can generate?
"The answer to all three is 'no'."