The president of the Brazilian club is unwilling to let go of the gifted attacker and will only allow him to leave when his contract expires in four years time
The 19-year-old prodigy has been the object of Real Madrid's and Barcelona's attention for several months now, as the two La Liga giants are in a tug-of-war to win the race for his signature.
Neymar has claimed he will not move on before the end of the European season, in order to play at the Club World Cup in December and at Santos' centenary in April.
However, the Brazilian club's supremo has underlined that the Brazil international will have to spend four more years at the club before he can leave.
"He has a contract with Santos until 2015 and if we look at what is written in the contract, in 2015 he will decide where he wants to go, he will own the entirety of his economic rights," Luis Ribeiro told TV Esporte Interativo.
"If it is up to me, he will not go, he will stay at Santos. Here, he is a king, an emperor."
Ribeiro went on to declare that every offer for Neymar that has arrived at the club has been met with the same response.
"I turned down a €30 million cheque from Chelsea and I will continue turning down offers," he added.
"Both Barcelona and Real Madrid offered the same €45m, thinking Santos would be willing to sell. My answer was short: No."