Torino president Urbano Cairo insists no offers have been made for Andrea Belotti, with the striker's release clause set at EUR100million.
Belotti, 23, is reportedly a target for Chelsea after scoring 26 Serie A goals last season.
But the nine-time Italy international is contracted until mid-2021 and Cairo said it would take EUR100m for an overseas club to secure Belotti's signature.
No teams are yet willing to meet that demand, according to the club's president.
"I chose the clause to be EUR100m abroad remember, because it is very high and for the moment no-one has come in for him," Cairo said.
"I'm glad he's with us and hope he stays."
Cairo believes there is little chance of Torino selling Belotti to a fellow Serie A club, saying: "I don't think it is possible, although the player's will is crucial."