The Spanish club aim to hold onto their manager.
Malaga have denied they will be letting manager Manuel Pellegrini leave the club at the end of the season to fill the vacant role at Manchester City.
Rumour has been rife since Roberto Mancini was sacked from Eastlands on Monday that the Chilean would be heading the to the Etihad Stadium.
Yet the Spanish club have announced that Pellegrini will not be allowed to move by them and that no agreement has been made between Malaga and City.
“This information is not true,” a club spokesman was quoted on talkSPORT.
“Currently, Malaga won’t allow Manuel Pellegrini to leave the club at the end of the season.”
The 59-year-old is still under contract at La Rosaleda and the club are not willing to let their boss leave at present.
Pellegrini guided Malaga to the Champions League quarter final this season, being knocked out by eventual finalists Borussia Dortmund over two-legs.
Los Boquerones could make it into the European spots again this year but it is still unclear whether they will be banned from playing by UEFA or not, after falling into financial obscurity.
This lack of European football could be another factor in Pellegrini’s departure from the club, but as it stands it seems Malaga will not let the boss leave easily.
To tempt a manager away from another club when they are still under contract the new team have to pay a significant buy-out fee.
However, with City’s huge financial backing from middle eastern investors this hurdle should be an easy one to overcome should they decide Pellegrini is their man.