Monaco forward Kylian Mbappe has not been the subject of a £72m bid from Manchester United, according to Sky sources.
Reports in Italy on Tuesday suggested the Ligue 1 club had turned down the mammoth bid from United for the 18-year-old, but Sky sources understand this is not the case, with no such bid having been offered.
Mbappe has notched 24 goals for Monaco in all competitions this season, including five goals from seven Champions League appearances.
Leonardo Jardim's side face Serie A champions Juventus on Wednesday at the Stade Louis II in the first leg of their Champions League semi-final, first leg.
Arsenal manager Arsene Wenger recently admitted an interest in signing the teenage forward this summer, but feared the Gunners would be priced out of any potential transfer.
"Obviously it would be hypocritical and a lie to say that we are not looking at him," Wenger told French broadcaster SFR Sport.
"But he's already in the bracket of clubs who are, perhaps, much better financed than us."
Mbappe has been described as a "huge football talent" who "has similarities to Thierry Henry" by Wenger, and is widely regarded as one of the most exciting prospects in world football.