Newcastle have rubbished suggestions Yohan Cabaye is in Monaco undergoing a medical ahead of a €28 million (£23 million) move to the club.
The French television station L'Equipe 21 is believed to have mentioned the possible transfer late on Friday night.
Cabaye's future at St James' Park has been in doubt this summer with alleged interest from Roma, Paris St Germain, Tottenham and Monaco.
The 27-year-old admitted in an interview on French television last week that he was impressed by Manchester United, but he has not asked Newcastle for a transfer and privately there was a hardening of resolve to keep hold of a player that has proved a bargain at the €5 million (£4.25 million) he cost from Lille two years ago.
Cabaye is now a full France international and that has increased speculation that the cash rich pairing of PSG and Monaco are ready to come calling. Monaco, backed by the Russian billionaire Dmitry Rybolovlev have already spent £115 million this summer on Falcao, Rodriguez and Joao Moutinho. Cabaye was also unhappy with Newcastle's final league position last season, when the club finished fifth bottom, having finished fifth top the season before.
However sources at Newcastle have insisted Cabaye is not in Monaco and that a deal has not been agreed to sell him to the Ligue Two champions. Instead they insist there have been no offers for a player who spent large parts of last season as their captain and that he remains a part of Alan Pardew's plans.