Benfica have released a statement denying they are in negotiations with Atletico Madrid over the sale of Joao Felix.

Reports last week stated Atleti were on the brink of signing the 19-year-old after agreeing to pay his €120 million release clause.

Manchester City and Manchester United will now be happy to read Benfica's categorical denial of the claims.

"In view of the set of news published in these last hours, Sport Lisboa e Benfica clarifies that it is false that any negotiation process is currently under way regarding a possible transfer of player Joao Felix," read a statement on Benfica's website.

"The conditions for its negotiation are public and known, taking into account the termination clause defined in the amount of 120 million euros."