Real Madrid president Florentino Perez has denied reports that star striker Cristiano Ronaldo has rejected a new contract from the Spanish club.
Madrid sports daily AS claimed that talks over a new deal for the Portuguese star were "deadlocked".
But with Ronaldo's current deal due to expire in 2015 and his renewal thought to be one of Perez's main targets as he begins a new four-year term in charge, he rejected the claim that talks had broken down.
"This information is misguided," Perez told Spanish television on Monday night.
"I am not going to enter into more details but I will only say that Cristiano's renewal is not deadlocked, this doesn't correspond to the reality as we stand today.
"I don't know if we will renew him tomorrow, the day after or another day but as of today it is not deadlocked."
Perez, who was formally re-elected as president on Sunday when no other candidates came forward to stand for election, even went as far as to say he hopes the 28-year-old remains at Real for the rest of his playing days.
"I said before that Cristiano is the best player in the world and that, therefore, he should be the best paid.
"I don't know if Madrid fans are worried about his future but Ronaldo has two years left on his contract and we want him to retire at Real Madrid.
"I am convinced that he will stay here for many years and if they want to stay calm, I say to them that we will win 'La Decima' (Madrid's 10th European Cup) with Cristiano Ronaldo as a player and I hope as soon as possible."
Ronaldo has had another tremendous campaign individually, scoring 55 goals in all competitions.
But even those goalscoring feats were not enough to deliver a major trophy for Real, as they finished 15 points behind Barcelona in La Liga and were defeated by Borussia Dortmund and Atletico Madrid in the Champions League and Copa del Rey respectively.
Those failures sealed the end of Jose Mourinho's three-year reign in charge of Madrid and Perez is yet to replace the Portuguese coach.
Paris Saint-German boss Carlo Ancelotti and outgoing Bayern Munich manager Jupp Heynckes have both been heavily linked with the job.