Leicester City vice-chairman Aiyawatt Srivaddhanaprabha insists there's been no formal bids for Riyad Mahrez.
Roma and Arsenal are chasing the Algeria international.
"Actually, there's no real offer at the moment," Srivaddhanaprabha insisted.
“We know his potential, but he also has to adapt to the team. If he performs well, he'll have his chance in the team.
“Change is ordinary in football. I believe every player wants to play, obviously with big clubs. Mahrez also has his dream. [There is] nothing concrete at the moment, and he is still a Leicester City player.
“The transfer market now is really difficult to work with. I saw reports say that 'the offer's not good enough'; actually, there's no offer at all.
“Or, if there is one, it will be lower than those expensive done deals for players that never won the PFA [award], no Champions League stint, [have] never been on [the] Ballon d'Or shortlist.
“I don't set the exact price tag, as we don't want to sell him. Reporters can have their say. I didn't say £40m, £50m or £100m because I really don't know.
“You have to consider his value at the moment he left, and [the] value of his replacement accordingly. I can't see a player like Mahrez or a decent replacement in the market right now."
Source: tribalfootball.com