Manchester United manager Sir Alex Ferguson has confirmed the club's interest in securing a deal for Sao Paulo midfielder Lucas Moura, but denied press reports that a deal had been struck.
Lucas, 19, is in demand this summer, with United, Real Madrid and Inter Milan all heavily linked with the Brazilian prospect who shot to prominence in early 2011.
A report on Sunday night indicated that the Red Devils had secured a £26 million deal for the attacking midfielder, but Ferguson strongly denied those claims.
"It's not correct," Ferguson told a press conference on the club's pre-season tour in Shanghai. "We haven't reached an agreement for the player. We've shown an interest but until such time we get a deal agreed we can't say he's our player."
When prompted, Ferguson also confirmed to reporters that the club are still looking into various transfer options ahead of the new campaign, saying: "We've signed two players in the summer: Kagawa and Powell," he added. "We think they both have fantastic potential.
"At this moment we're looking at other options in terms of bringing other players in. We're not lying on our backsides doing nothing. We're trying hard to bring other players to the club."