Reports this week claimed that Liverpool were prepared to pay £31m to bring Napoli forward Gonzalo Higuain to the Premier League to replace the misfiring Mario Balotelli.
Arsenal have also been linked with the striker, who is reportedly not happy with missing out on Champions League football with the Italian side.
But the player’s brother Frederico claims these reports are far from the truth and he will remain in Serie A.
He told calciomercato: “I have read and heard different things about my brother, but none of these things correspond to reality.
“People have spoken of the disappointment of not qualifying for the Champions League, and that this has caused resentment from Gonzalo.
“Nothing could be further from the truth. When I speak to my brother he is calm, and happy to wear the shirt of Napoli.
“His future is still with the Partenopei.”
It now remains to be seen whether Arsenal and Liverpool continue to pursue the Argentine or if these comments have put an end to all speculation.
By Phil Wellbrook