Arsenal forward Alexis Sanchez has not been offered £400,000-a-week to join Hebei Fortune, the Chinese Super League side insist.
It is not the first time that Sanchez has been linked with a move to Asia, with his future being continuously called into question as his contract at Arsenal runs down.
Hebei, though, maintain that they have made no approach for the 29-year-old.
A senior club official told Southern Metropolis Daily: "We have never made a bid or any offer for Sanchez. The Sun's story is fake news."
Had Sanchez received such an offer, then he would have stood to earn an annual salary of £21 million.
He has, however, been heavily linked with a move to Premier League leaders City, with Pep Guardiola being tipped to rekindle his interest in the January transfer window.
The Catalan coach was recently lost for words when quizzed on the possibility of launching a fresh bid for Sanchez.
He eventually said, as he brought a press conference to an abrupt end: "The transfer window is for winter time. I don't know, believe me, I don’t know what we are going to do, because it's not..."
While Arsenal should be bracing themselves for further interest to be shown in Sanchez, it would appear that they need not worry about approaches from China.
Several other top talents in Europe remain targets for CSL teams, though, with Hebei Fortune still being linked with a move for Barcelona’s Javier Mascherano after acknowledgment from him that he may need to leave Camp Nou in order to find the regular game time he craves.
There has, however, been no word from the Hebei camp when it comes to reports of a big-money offer being made to the versatile Argentine.