RB Leipzig sports director Max Eberl says "there is no agreement" between the German club and Manchester City over Croatia defender Josko Gvardiol.
The 21-year-old is valued in the region of £86m and if that fee was paid by City it would make him the most expensive defender in football history.
The centre-back has made 87 appearances for the German club since signing from Dynamo Zagreb in July 2021.
Last season he scored against City in the first leg of their Champions League last-16 tie, which RB Leipzig lost 8-1 on aggregate.
He has won 21 caps for Croatia since making his debut in 2021 and helped his country finish third at the 2022 World Cup as well as runners-up to Spain in this year's Nations League.
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