Wolfsburg’s director of sport Klaus Allofs insists there is still no agreement with Manchester City over the signing of Kevin De Bruyne.
It had been reported in both Germany and England that City and Wolfsburg had finally agreed a deal that would see the Premier League side pay an initial £54million for Bruyne, but Allofs has denied that is the case.
"There is no agreement with De Bruyne and with Manchester City," Allofs said at a press conference on Thursday.
"We have agreed to open negotiations, and that has happened, but Kevin is still a Wolfsburg player.
"We are not in any rush to get this (transfer) through. The interests of both sides must be considered.
"If our expectations are not fulfilled, Kevin will be playing for Wolfsburg this season, and I wouldn’t mind that.
"In the end, there can only be winners from this deal and that applies also to Wolfsburg. If that is not the case, then there will be no transfer."
Earlier, Allofs had told Sport Bild magazine that his club cannot afford to turn down the sort of fee City were prepared to pay.
"People do think that money does not come into it with Volkswagen (the club’s backers), but that is not the case," he said.