Bill Kenwright has dismissed reports that Everton have agreed a deal to sell Wayne Rooney to Manchester United.
The 18-year-old England striker has also been linked with a move to Chelsea but deputy chairman Kenwright has laughed off the latest claims.
"David Moyes and myself have discussed a combined response and the article is laughable," he told the club website.
"No deal has ever been discussed, set up or agreed with Manchester United or any other club on the planet."
Rooney is regarded as one of the best young talents in the world after a sensational start to his club and international careers.
He made his Everton debut at 16 and became the youngest goalscorer for his country when he netted against FYR Macedonia when aged 17 years and 317 days.
Everton are struggling with heavy debts but insist they expect Rooney to sign a new five-year contract in the summer.
"We are building for the future here and we want to build a side around Wayne - we don't want to develop him for another club," boss David Moyes said in April.