Real Madrid insist there's been no offers from Arsenal or Tottenham for striker Klaas-Jan Huntelaar.

"Only one formal offer exists and that is Stuttgart's," stated Real GM Jorge Valdano to the Spanish media.

Meanwhile, Stuttgart coach Markus Babbel says he is happy to wait for Huntelaar to make a decision regarding a move to the Bundesliga.

Babbel said: "The important thing is that I know that we are working on a transfer, and not only that of Huntelaar, but also alternatives.

"He is a player that we really like, now it is down to him. But whether that is tomorrow or next week, that's not so important."