Arsenal have denied claims by Real Madrid president Ramon Calderon that the Spanish club spoke to Arsene Wenger after sacking Fabio Capello last month.
Wenger has one more year left on his Arsenal contract
Real look set to appoint Getafe coach Bernd Schuster as Capello's successor.
And Calderon told Real's website the club also spoke to Michael Laudrup, Ronald Koeman and Wenger about the job.
However, a Gunners spokesman said: "It is completely untrue. Arsene Wenger has not had talks with Real Madrid and is committed to Arsenal Football Club."
Wenger has only one more season left on his contract at Arsenal and his future at the Emirates is still uncertain.
Gunners chairman Peter Hill-Wood recently admitted he has no idea if Wenger will agree to extend his stay at the club.
Madrid are set to name their new coach next week after sacking Capello despite his success in winning La Liga title.
Schuster is the strong favourite to get the job and has reportedly freed himself from his current deal in order to take the Real job.
"Once we decided that Capello would not continue, Madrid sporting director Predrag Mijatovic underwent talks with Schuster, Ronald Koeman, Michael Laudrup and Wenger.
"It appears logical that Schuster will be the next coach," said Calderon.
"I think he has sorted out his contract and has to pay the compensation.
"We will have to discuss the contractual issues like the length of the deal and the salary but it shouldn't be a problem."