Borussia Dortmund CEO Hans-Joachim Watzke has insisted that the club have not come to an agreement with Bayern Munich over a potential deal for Mario Gotze.
The 24-year-old has been heavily linked with a return to the Westfalenstadion this summer having failed to establish himself as a first-team regular since moving to Bayern in 2013.
Recent reports had suggested that the two clubs had settled on a £19m fee, but Watze has revealed that there are no agreements in place and stressed that any deal would have to be "financially feasible" for his side.
"We have not reached an agreement with anyone, including the player," he told German paper TZ.
Bayern chairman Karl-Heinz Rummenigge has confirmed that talks are taking place between the two clubs.
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