Real Madrid president Florentino Perez has insisted that the Spanish giants are yet to receive any offers for Raphael Varane despite the speculation surrounding the centre-back.
The France international only has 12 months left to run on his current deal at the Bernabeu, and a number of clubs are said to be interested in the World Cup winner.
Manchester United, Manchester City, Chelsea and Paris Saint-Germain are all believed to be competing for the defender, but Perez has said that Los Blancos are yet to receive an official bid.
"We've not received any official bid for Raphael Varane. He's at the Euros now then we will see what happens - if he wants to leave the club this summer, he'll say it," Perez told El Transistor.
A recent report claimed that Real Madrid were resigned to losing the 28-year-old during this summer's transfer window, as they do not want him to enter the final year of his contract.
Varane, who made 41 appearances for his Spanish club during the 2020-21 campaign, is currently representing his country at this summer's European Championship.