Rick Parry has played down reports that Liverpool could revive their interest in Benfica captain Simao Sabrosa.
The winger has been a long-term option for The Reds, who missed out on the Portugal international's signing in August 2005.
Recent speculation has suggested that Rafa Benitez could instigate another bid for Simao at the end of the season.
Following the recent Anfield takeover of George Gillett Jnr and Tom Hicks, Benitez is likely to be armed with a sizeable transfer kitty and would be able to meet Benfica's €20million (£13.4million) asking price.
But Liverpool chief executive Parry insists no talks have taken place of late and suggested the club will wait until the season's end before deciding their transfer targets.
"At the moment we do not have any negotiations," Parry told O Jogo.
"The end of the season is soon and that will be the time to see."
Reports have also claimed that Manchester United are on the trail of Simao after he impressed against them in the UEFA Champions League earlier in the campaign.