Santos president Luis Alvaro de Oliveira Ribeiro has revealed that Neymar will remain with the Brazilian Serie A club.
The 19-year-old striker has starred with Santos since 2009 and he has also impressed at national level, representing the Brazilian Under-20s and the senior side since 2010.
But Ribeiro said the forward would not be going anywhere and that he was disappointed at clubs and their ongoing attempts to illegally lure the striker.
If Real Madrid or any other club (that has approached Neymar) decides to meet his buy-out clause, we have no other option but to report them to FIFA for approaching the player without our permission, Ribeiro told Terra.
Negotiations have been stalled and won t be re-opened.
Real Madrid spoke with Neymar s management in Paris and made an interesting offer. I ve told him that we won t let go of him though and he wants to stay with us, too.
I can assure you that Neymar will play for Santos at the Club World Cup. I have already said it before and that s the way it is.
The situation could change if clubs are willing to meet his minimum fee release clause of 39.4 million pounds but until then, it appears that the in-demand forward will be staying in Brazil.