Santos maintains that they will not sell star striker Neymar to Real Madrid this summer.
Real boss Jose Mourinho wants a new forward and has been repeatedly credited with an interest in activating the 19-year-old's €45million (£39.6m) contract release clause.
It has been reported that Santos president Luis Alvaro Ribeiro has met with Real counterpart Florentino Perez in Paris to discuss the transfer.
But Ribeiro is quoted as saying by Intereconomia TV: "There was no meeting in Paris. That was already denied by other members of the board of Santos.
"They (reports) also said that I was in Barcelona to negotiate for Neymar. People have a very fertile imagination."
European champions Barcelona have been linked with Neymar, who is under contract until 2015, as have wealthy Premier League clubs Manchester City and Chelsea.
The Brazil international's agent claims that all that remains is for his client to make a decision on when he will leave, because he is said to want to play in December's Club World Cup, where he could face Barcelona.
Ribeiro added: "We have no interest in selling Neymar. Real Madrid might be willing to pay the buyout clause, but it all depends on the player.
"We are sure of his will to be world champion with Santos. We hope to fulfil his contract here."
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