Athletic Bilbao owner Jusu Urrutia has shutdown talk of a January departure for Fernando Llorente.
The centre-forward is a target for Liverpool, Arsenal and Juventus.
"I have read and heard a lot of things about the future of Fernando Llorente," said Urrutia. "But none of them are true.
"There is nothing new from our perspective - we do not want to get rid of him. The team is more competitive with Fernando."