Schalke have dismissed newspaper reports which claim there is a deal in place with Manchester City for the transfer of Leroy Sane, reports Sky Sports.

Newspapers in England and Spain say a £40m deal has been agreed for the winger, who is with the Germany squad at Euro 2016, with a full announcement to come after the tournament is over.

However, the club's sporting director, Christian Heidel, has denied that such a deal exists for the 20-year-old.

"The story is incorrect, nothing has changed with Leroy Sane," he told German newspaper Bild.