The president of the Ligue 1 champions claimed he had accepted the Nerazzurri's €14m bid for the playmaker, but the Italians have since moved to quash the reportsInter have denied claims they have agreed a €14 million fee with Montpellier for Younes Belhanda.
The attacking midfielder appeared to be on his way to Fenerbahce after agreeing personal terms with the Istanbul giants, before the reigning Ligue 1 champions' president Louis Nicollin suggested he may be heading for Serie A.
"We have reached an agreement with Inter over a transfer fee of €14m," he was quoted as saying by AMKSpor.
"Fenerbahce did not want to pay more than €8m. That's why I have opted to accept Inter's bid instead. Every player has his price, and €8m is not enough for Belhanda."
Inter, however, have moved swiftly to deny the claims.
In a statement released via the club's official website, technical director Marco Branca said: "We don't like contradicting the Montpellier president but Inter have not made an offer for Younes Belhanda."
The San Siro club are in the market for a new midfielder following the departure of Wesley Sneijder to Galatasaray earlier this week.