Sevilla president Jose Maria del Nido says they'll only sell Alvaro Negredo on their terms.
According to reports in Spain this weekend, Manchester City were preparing a €23 million offer for Negredo.
He said: "With Negredo there has been progress but we are far from reaching an agreement. Right now it's further away than it was at the time with Atletico Madrid.
"I'm not saying the price that's been put on him. The ideal thing would be that he remains in Sevilla and renews for another two years."
Del Nido added: "We are in no hurry. We are in a better situation than a month ago and we've shown that with the signings that we've made."