Amanda Staveley’s consortium is yet to make a bid for Newcastle United.
Staveley’s group has been doing due diligence on the club, which was put up for sale by owner Mike Ashley last month.
A report in Asia over the weekend claimed that Staveley had agreed a £300million price for United.
However, Staveley’s consortium has NOT made a formal offer for the Premier League club.
Negotiations are ongoing with a number of interested parties.
Ashley hopes to sell the club, which is 11th in the league ahead of Saturday’s game against Manchester United at Old Trafford, by the end of the year.
A number of other parties have also signed non-disclosure agreements with Newcastle, which was bought by Ashley a decade ago.