John W Henry has denied reports that Liverpool have offered a contract to Kenny Dalglish and revealed negotiations have not even started.
Dalglish stepped into the managerial hot-seat at Anfield to replace Roy Hodgson in January, initially agreeing a deal until the end of the season.
His tenure thus far has been a successful one and reports suggested a two-year deal was already in place.
But Henry insists talks have yet to begin - although he has intimated the club's owners are ready to open them.
"The only discussion we've had has been with Kenny and that was solely concerning when we should begin discussions," Henry told the Daily Telegraph.
"I wouldn't anticipate any further comments until such discussions have commenced and we have something to announce.
"Any reports until then are purely speculation."
