Barcelona president Sandro Rosell has denied that Paris Saint-Germain have submitted a £34m bid for Pedro.
It had been speculated that the Ligue 1 champions had made a big-money move for the 26-year-old on Monday, but such reports have been denied.
"There is no offer from PSG for Pedro," Rosell told reporters at a press conference.
Barcelona face Atletico Madrid in the second leg of the Spanish Super Cup on Wednesday.