Arsenal transfer target Leon Goretzka will remain with Schalke, according to the Bundesliga club.
Germany midfielder Goretzka has been linked with Bayern Munich as well as being a £21million target for Arsene Wenger.
Goretzka, 22, is under contract at Schalke until 2018, but he has not yet agreed a nee deal and Bayern have been tipped to snap the player up on a free transfer next summer.
Wenger has also been linked with the player, who is on Confederations Cup duty with Germany, but at Schalke’s AGM on Sunday, sporting executive Christian Heidel said: “We will go into an exciting season with Breel Embolo and Leon Goretzka.”
Over the weekend Goretzka said he was focused on the Confederations Cup and that press speculation did not impress him.
“I’m not going to give state-of-play updates, but if there are facts, I will announce them,” he said.
“I’m not the type to be impressed by newspaper reports, I know what my qualities are, but I will not build myself up.
“I won’t talk on possible switches to a different club [during the tournament],” Goretzka added. “As soon as there are facts I will be providing them and publicising them on what my decision is. But now there is no news in that respect.”