Newcastle United did not make a £15million bid for Miguel Almiron as has been reported, according to Rafael Benitez.
Atlanta United star Almiron is set to face Portland Timbers in the MLS Cup on Sunday having hit 13 goals in their run to the final.
Reports have claimed Newcastle, again the subject of takeover talk, are keen on a January move for the Paraguay international, tabling a £15m offer.
Editors' Picks
Atlanta president Darren Eales described the suggestion Almiron could leave on loan as "laughable" while saying the 24-year-old would not be allowed to depart for "chump change".