Arsenal manager Arsene Wenger decided to use this afternoon's pre-tournament press conference for the Emirates Cup to clarify his position on a number of lingering transfer stories, the most emphatic of which was a swift denial that the Gunners are in for Colombia star Juan Quintero.
The attacking midfielder has been mentioned in connection with a £15.8m switch to the Premier League in the last 24 hours, but Wenger is adamant that there's no truth to those reports.
When asked about the Porto star and those bid reports today Wenger's reply was short and sweet, stating: "That is wrong."
Quintero has also been linked with Manchester United, Barcelona and Real Madrid in recent weeks, but until Wenger poured cold water over bid rumours Arsenal had look by the most likely suitors for a technically gifted playmaker that definitely fits the mould of a Gunners star.
The 21-year-old is a serious talent and has a clutch of Europe's top clubs watching his situation with close interest, with good reason.
Summer switch would cost €40m
Porto own one of South America's brightest young stars and have a proven track record of making a sizeable profit on prodigies from the continent, with Quintero the latest on that conveyor belt.
Quintero is under contract to the Portuguese giants until 2017 and that deal contains a whopping €40m release clause, the fee any summer suitor must pay to trigger exit talks rather than enter protracted exit talks with Porto over a transfer fee.
Patience could be key
For now Wenger and other top managers and scouts across the continent will likely retain a watching brief on Quintero, who should be crucial under a new Porto regime in his second season at the Estadio Dragao.
The six-cap Colombia starlet is often compared to new Real Madrid man James Rodriguez because he's left-footed, dynamic and able to pick out a pass in congested central areas.
Despite that lofty comparison there's no rush for Quintero though, with the eye-catching prospect possessing the skill to follow a familiar path from Porto to top European leagues that the likes of Rodriguez, Radamel Falcao and Joao Moutinho have already followed, even if its not to Arsenal to just yet.