Real Madrid turned down a €180 million (£155m/$200m) offer for Marco Asensio, according to the midfielder's agent Horacio Gaggioli.
Asensio has endured a disappointing campaign, starting just 20 of Madrid's 42 La Liga and Champions League matches, which has led to speculation that he could leave at the end of the season.
Liverpool and Juventus are both rumoured to be interested in the Spain international, but his representative insisted neither the player nor the La Liga club are keen on a transfer.
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"Over the last year there have been offers as high as €150m and €180m, but Madrid did not want to listen to them," Gaggioli told ESPN.