Jose Maria del Nido claims his side turned down a 16 million euro offer for the Spain international, and says Sevilla is not in a position where it is forced to sell players.
Negredo, a Spain international, has reportedly been the subject of interest from England, but the club chief says he has no reason to sell the player.
"We are not obliged to sell players," Del Nido told AS. "[Our] concern regards those who engage in disinformation. We will not sell Negredo, [Ivan] Rakitic or [Jose Antonio] Reyes. We have had offers for seven players in the first team. The seven were rejected. We rejected 16 million euros [for Negredo] but we will not publicize it.
"There is no need to sell ... We have reached agreements with the treasury. Every six months we have reached
agreement with the Agencia Tributaria [State Tax Administration Agency] to defer payments. We are among the five clubs with the least need for the tax deferral. The Agencia Tributaria told me that. We have already said that we do not have to sell in January or June."