PSV have claimed that they were not aware of Swansea's interest in full-back Santiago Arias, according to De Telegraaf - via Sport Witness.
The Premier League club have been linked with a move for the Colombian defender, but have not yet acted on the reported interest.
Arias could be made available by PSV, however, with technical manager Marcel Brands having admitted that players may need to be let go for financial reasons.
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"This is one of the hardest situations at PSV in the seven years I'm here now," said Brands. "The consequences for the club are big.