Real Madrid have denied Spanish media reports that coach Fabio Capello was planning to leave the club this week.
Rumours had circulated that Capello was set to leave Real
Spain's Cope radio station said Capello would sit on the bench for Tuesday's Champions League match against Bayern Munich before leaving the club.
"We were very surprised by the reports that appeared in the media," said club spokesman Miguel Angel Arroyo.
"It hardly contributes to the right atmosphere on the eve of such an important match."
Arroyo added: "Reports like this only serve to destabilise the club and we'd like to express our surprise and dismay about this type of report.
"In this world you can assure very few things but I can guarantee that that the board has not received any resignation from Fabio Capello either verbally or in written form."
Arroyo refused to confirm whether Capello would definitely be in charge for this weekend's derby at Atletico Madrid.
"There are few things in this world that can be guaranteed," he said.
"But I guarantee that the board have certainly not received any resignation."
Capello has come under fire following a series of poor results, which led to Madrid losing three out of four games either side of the winter break before suffering an embarrassing home defeat to struggling Levante a fortnight ago.
Madrid fans called for Capello and club president Ramon Calderon to resign during the match against Levante but the board publicly voiced their support for the coach in a news conference the following day.
The Madrid faithful were again left frustrated on Saturday when their side were held to a disappointing goalless draw at home to Real Betis.
Madrid are fourth in the Primera Liga standings, with 42 points, four less than joint leaders Barcelona and Sevilla.