PSV Eindhoven chief Marcel Brands has held talks with Zakaria Bakkali's camp about fresh transfer speculation.
Liverpool and Real Madrid are being linked with the teenage winger in the Dutch press this week.
"Aunt Hakima has indicated they are only focused on PSV and I have no indication that something else is playing out," said Brands. "In the three years that we've maintained a relationship with the Bakkali family, they never said things that have not been fulfilled, so I'm assuming it all works out."