Atletico Madrid chief Miguel Angel Gil Marin has ruled out selling Sergio Aguero to Real Madrid.
The Argentine has been linked with city rivals Real.
But Gil Marin says: "I received offers from Real Madrid for Diego Forlan and Sergio Aguero. El Kun has a buyout clause, which is 45 million euros, and that's what we agreed by mutual agreement between the parties if he renewed.
"He can leave for any club for that clause - other than Real Madrid.
"We agreed he could not go to Real Madrid and he will not go to Real Madrid, even if they pay the clause. I'm sure he will not go there."
Click here for the No1 coverage of all the gossip and transfer news around Real Madrid.