The report in The Mirror claimed that both Arsenal and Chelsea were keen on signing the young forward from Los Che - especially as his release clause at the club stood at a measly £15 million.
For a boy with his talents, that is daylight robbery.
His deal also runs out in 2016 - so Valencia might have been tempted into a sale.
Since then the interest appears to have cooled. What has not is Alcacer's form. He has scored seven goals in 14 appearances this season as Valencia look to improve on their dismal 2013-14 La Liga campaign.
So there is no wonder two big teams like Arsenal and Chelsea would be monitoring his progress.
But the problem is simple - the player seems to be very happy at The Mestalla.
Alcacer has previously said there is no rush to change his contract at the club, as he has no desire to leave.
He has now reaffirmed that belief. Talking to Valencia fans yesterday Alcacer made it clear that he would be going nowhere any time soon. Leaving Arsenal and Chelsea fans who would love to see him at the club disappointed, but Valencia fans ecstatic with his emphatic statement of intent.
He told fans at a Valencia event:
“I am from Valencia and I want to continue here.”
He went on to thank the fans for their 'affection' and the club for helping make the Spanish national team.
Sporting director Rufete claims there has been a 'rapid acceleration' in his contract talks and it looks as though Alcacer's future could be resolved sooner rather than later.