Portsmouth chairman Milan Mandaric has denied he is planing a £15m takeover of Championship club Wolves.
Mandaric is due to sell his stake in Portsmouth
Mandaric is due to sell his remaining stake in Pompey to joint-owner Alexandre Gaydamak for £32m.
The 67-year-old told The News that recent conversations with Wolves owner Sir Jack Hayward were purely social.
Mandaric said: "I talk to Sir Jack regularly but it is only to chat. Because I am selling Pompey, people have put two and two together."
Mandaric's conversations with Hayward sparked rumours which the Pompey chairman was forced to nip in the bud by confirming: "I'm not in talks about buying Wolves."
The Pompey chairman has not declared his plans, and despite being linked with a club in Slovakia, could even stay on at Fratton Park as non-executive chairman.
Mandaric said: "If I leave Pompey altogether, then one day I might get involved with someone else, but it's not happening now."