Joop Munsterman, the club's chairman, is unhappy with Feyenoord technical director Peter Bosz, who claimed on Sunday he had an agreement for the promising 19-year-old.

"There is no upcoming agreement at all," Munsterman told De Telegraaf. "I did not negotiate with Bosz and ultimately I am the one to negotiate any transfer deal.

"We have no plans whatsoever to let Arnoutovic go. His contract runs until June 2011 and he is a young, talented player who we have trained ourselves and who is now ready to start playing (first-team) games.

"Financially, we don't need to sell any players after the transfers of Orlando Engelaar and Karim El Ahmadi."