Schalke have dismissed newspaper reports which claim there is a deal in place with Manchester City for the transfer of Leroy Sane.
Newspapers in England and Spain say a £40m deal has been agreed for the winger, who is with the Germany squad at Euro 2016, with a full announcement to come after the tournament is over.
However, the club's sporting director, Christian Heidel, has denied that such a deal exists for the 20-year-old.
"The story is incorrect, nothing has changed with Leroy Sane," he told German newspaper Bild.
Manchester City have already completed one signing from the Bundesliga since the end of the season, with midfielder Ilkay Gundogan joining from Borussia Dortmund.
Sane, who has won three caps for his country, was named as a substitute as Germany got their Euro 2016 campaign off to a winning start by beating Ukraine 2-0 in Lille on Sunday.