Malaga Hoy reported yesterday that Malaga has waived the release fee in the Chilean's contract which would allow him to leave when it expires on July 1, and that he has already agreed a two-year deal with Manchester City.
But a spokesman for Malaga told the BBC no announcement would be made until the club's domestic season was concluded.
He said: "There remain some fixtures to qualify for the Europa League, so in this moment, officially, we are not saying anything.
"The club has not communicated anything about this. I am not saying [the article] is true or false, I am just saying that the club officially has not said anything.