Santos president Luis Alvaro has denied reports that forward Neymar will join Barcelona in a pre-agreed transfer in two years' time.
A report in Brazilian newspaper Estadao on Saturday stated that an agreement has been reached between the two clubs, and that Wagner Ribeiro did not participate in the discussions as he is not the 19-year-old's agent anymore.
However, Alvaro has dismissed the idea that a deal is set in stone for Neymar to move to Barcelona in 2013 and told ESPN Brazil: "I did not sign anything.
"By the end of the transfer window, the idea was shelved. There are always conversations but a €60 million (£52.5m) proposal never came and I doubt it ever will."
However, Alvaro reiterated that Neymar could be allowed to leave if a club meets their valuation of the player in the future.
"If he wants to leave, according to the conditions of Santos, he can leave," he stressed. "But if he wants to stay, then I want him to remain with us for a long time.
"When he will get a proposal, I will be the first person to tell him, but right now there is nothing."
Neymar recently said that he is happy to continue playing in Brazil for the time being but added that he felt "flattered" by the interest shown in him by Real Madrid, who were said to have approached Santos for the player's signature during the summer transfer window.