Horst Heldt has stressed Schalke has yet to receive any formal approaches for promising youngster Leroy Sane.
Schalke sporting director Horst Heldt has insisted the Bundesliga side has not received any offers for Leroy Sane, amid persistent links to Manchester City and Liverpool.
The 19-year-old has been heavily linked with a move to the Premier League in recent weeks, despite Schalke's insistence that Sane is not for sale at any price.
A number of reports suggest City is preparing an offer in excess of 40 million euros ($43M), but Heldt has made it clear there are no developments at this stage.