Bayern Munich defender David Alaba has not signed any agreement with Real Madrid, according to his father and advisor.
Spanish publication Marca, which is known for its links to Madrid, claimed on Monday that a deal had been agreed between the club and player for a move at the end of the season.
Alaba's contract expires in June and is therefore free to discuss terms with other clubs, Bayern having seemingly exhausted all chances of a renewal.
The Austria international's future has been a source of speculation for much of the last year, but Bayern insisted throughout that they would not be held to ransom and a departure now looks the likeliest option.
But Alaba's father, who also acts as an advisor, has given hope to other interested parties, adamant nothing has been signed with the defending Spanish champions.
"A decision has not yet been made, and David has not yet signed with Madrid," George Alaba told Sport1.
"Besides Madrid, there are other clubs that are interested in him. What matters for him is still that he wants to concentrate fully on Bayern and his achievements."
Alaba has been at Bayern since joining from Austria Vienna in 2008 and gone on to establish himself as a club great in the modern era.
His 264 Bundesliga appearances for Bayern see him rank 18th in the club's all-time list, though he would expect to climb past a few more by the end of the season.
Remarkably, 200 of those 264 games have been victories, which is the 12th highest of all players to have represented Bayern in the Bundesliga.
Alaba has won every trophy possible during his time at Bayern, including nine Bundesliga titles and two Champions League crowns, the latest of which was claimed last year.
In the past couple of years he has been successfully remoulded as a centre-back and looks set to be a shrewd free signing for whichever club manages to prise him away from Bayern.
While Madrid appear well-positioned, Barcelona, Liverpool and Manchester United have also been linked as suitors.