Reports suggest Milan held a meeting with Paulo Henrique Ganso's agents today, but Santos warned “anyone who wants him has to talk to us.”
The Brazilian starlet is thought to be on the verge of a transfer to San Siro and numerous sources claim there was a key get-together this morning.
“Santos are not taking any position on this meeting,” director of sport Pedro Luis Nunes Conceicao told Calciomercato.it.
“That is quite simply because we have no intention of selling Ganso and, above all, have received no official bid from Milan or the other clubs routinely linked with him in the media.
“Will Ganso be in Italy in 2012? It's too early to talk about this, because we do not have a formal proposal on the table.
“The only thing that is important to Santos is this: if an Italian club, or one from any other nation, is interested in Paulo Henrique then they need to come here to Brazil with a formal proposal.
“Anyone who wants him has to sit down around a table and talk to us.”
As with quite a few South American players, Ganso's ownership is a complex issue.
Third party investment fund Sonda have a 45 per cent stake in the player, while his family own 10 per cent of his rights.
Think you know your Italian football? Share your knowledge, tips and comments to win cash prizes in OLBG's tipster competition  - £11,000 to be won monthly!