The Morocco international has dismissed reports that he has already signed a deal with the Portuguese outfit, and revealed he is open to contract talks with his current club
A number of recent reports from Portugal suggested that the 19-year-old has already reached an agreement with Sporting, but Labyad has stressed nothing has been signed yet, before adding that he will talk with his current club about a new deal in the near future.
"I have not signed a contract [with Sporting]. That's utter nonsense. I am really disappointed about the way the media is reporting about my situation, and that fans are insulting me on the internet," Labyad stated to AD/Sportwereld.
"I will meet with sporting director Marcel Brands early next week. My dad will be there as well. He's in Morocco at the moment, and I won't sign anything without him."
PSV recently announced that they have exercised their option to extend Labyad's expiring contract until 2014, but the attacking midfielder has argued that the option is not valid.
Therefore, PSV are keen to offer Labyad a new deal in order to avoid a legal battle.