Santos President, Luis Alvaro de Oliveira Ribeiro, told Catalonian radio station ‘RAC1′ that the club haven’t agreed a deal with Real Madrid for Neymar.

Reports on Wednesday had suggested Jose Mourinho’s side were closing in on the 19-year-old’s signature, with a fee of €53 million (£45m) mentioned.

But Ribeiro insists no deal has been agreed with the Spanish giants and that he has no plans to let the £40million-rated striker leave the Brazilian club in January.

“There is no agreement with Real Madrid,” Ribeiro told Ona FM.

“We still have the intention of keeping Neymar for the time being.

“Madrid can offer figures close to his release clause, but we are not a commercial company and Santos are not interested in the money.

“We have no interest in selling, and I think a renewal is possible. He has a contract until 2015 but we are willing to improve his terms, as we will do everything for him to stay with us.

“However, we are [also] open to the will of player.”

Ribeiro then discussed the chances that Neymar would move to Barcelona after he was asked where he would prefer the player to go if he did leave.

“I am trying to set up a dinner date with Sandro Rosell, as he is my friend. I feel great sympathy for Barcelona. However, Real Madrid are a great club as well, as they wear white like Santos – but Catalunya and Barcelona have a place in my heart.”