Borussia Dortmund sporting director Sebastian Kehl insists no offers have arrived for Jude Bellingham.
Real Madrid are regarded as favourites for the England midfielder, who is also a target for Manchester City, Manchester United and Liverpool.
But Kehl told ESPN: "We will do what we can to keep Jude, because we are really ambitious, so we want to keep our best players.
"There is nothing to decide yet, because there is nothing on the table. No bid.
"Jude is focused on the next match, and then we will have to see in the next few weeks how it will develop."