Borussia Dortmund say they do not need to sell midfielder Tomas Rosicky.
Rosicky was an important part of the Czech side that reached the Euro 2004 semi-finals
The Czech international is keen on a move to Tottenham but despite their financial troubles, Dortmund insist they will not sell him.
"There are no plans for transfers in our current rebuilding process," newly-appointed manager Hans-Joachim Watzke told German TV channel DSF.
"And we certainly don't have plans to sell Rosicky. He's in great form at the moment and he's an asset to us."
Spurs have told Dortmund of their interest in 24-year-old Rosicky, who has three years left on his contract.
He said: "Both my agent and the Borussia management told me that they've had negotiations with Spurs, but they've not come to an agreement yet.
"Spurs are a traditional club and I'm pleased to know they want me."
Rosicky believes his chances of a move are being jeopardised by Dortmund's insistence on a reported £10m transfer fee.
"I know that the price is a problem," he said. "Borussia are obviously requesting too much.
"Borussia are financially struggling and it looks very likely that they will need to sell players. But they'll need to decrease the price if they want to sell me."
Rosicky said the fact that Spurs were not guaranteed to be competing in Europe next season would not put him off a move to White Hart Lane.
"Given the current position of Dortmund in the Bundesliga, there are no guarantees that I would be playing in Europe with Borussia either," he said.
"People used to say that I was too technical and fragile to play in England or Germany and that I'd be better going to Italy or Spain.
"But I don't think that's true. I always liked the English Premiership because of the attack-minded football and also the fantastic crowds."