PSV Eindhoven have confirmed that they have received no contact from Tottenham Hotspur over Memphis Depay.
There have also been reports that Nacer Chadli could be used as a makeweight in the deal, but the Dutch club said they had ‘no interest’ in taking the Belgian international off Spurs’ books.
In a statement made to Sky Sports, a spokesperson from the club said: "There has been no contact from Spurs whatsoever.
"Our sporting director Marcel Brands stated to Dutch media yesterday that he expects Memphis to stay at the club and Nacer Chadli is not of interest to us.
"We are in Austria at the moment for our Europa League game against SKN St. Polten and Memphis is in the squad. He is fully focused on the game."
The news will come as a disappointment to most Spurs fans who were looking forward to seeing one of the brightest young talents in world football in action for the squad.
Although an offer could be made later on in the transfer window, it was widely expected that the deal which would see the 20-year-old move to White Hart Lane was nearing completion.
Indeed, Depay reportedly had asked for Robin van Persie’s advice on the transfer –as the Manchester United also came to England at a young age.
It is understood that Depay has had his head turned by the prospect of a greater contract and an improved standard of football that Spurs could offer him, but it seems that the North-London club have not made their interest concrete.
It has been a quiet summer so far for Mauricio Pochettino’s side, who are only looking to plug the gaps that last season exposed on too regular occasions.
The Argentine has brought in Ben Davies and Michel Vorm from Swansea and Eric Dier from Sporting so far, with Mateo Musacchio’s transfer from Villarreal expected to be completed in the near future.