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The midfielder has caught the attention of a number of Europe's top clubs, but his current side has yet to receive a formal bid despite an agreement allowing him to leave.

Rennes president Frederic de Saint-Sernin has insisted that the Ligue 1 side has not received any offers for Yann M'Vila.

The France international is continually being linked with a move away from Rennes, and clubs such as Arsenal and Inter are believed to be interested in signing the holding midfielder.

The 22-year-old was one of the most sought-after players before Euro 2012, and his club supremo has assured that he is not attempting to deny the player a transfer to a bigger club.

"We have an agreement with him that allows him to leave this summer, but we have not yet received any concrete offers for him," Saint-Sernin was quoted as saying by RMC. "Several clubs have inquired about him, but there are no formal offers. He is still a Rennes player. Several big foreign clubs are interested, but we are not blocking anything as there are no offers yet."

M'Vila has a contract with Rennes until the summer of 2015, and an offer in the region of 20 million euros could be needed to lure him away from his current club.

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