Sheffield Wednesday chairman Milan Mandaric has denied reports claiming that a former Hollywood actress and model is interested in buying the club.
Newspapers claimed that Sybil Danning and her husband Horst Lasse intend to take over the Owls.
But Mandaric said in a statement: "I can say I have never met or spoken to the people named in this article.
"I was as surprised as everybody else to see the story but I cannot control what is written or said in the media."
Multi-millionaires Danning and Lasse, who already have interests in a German ice hockey team, are reportedly keen to expand their sports business portfolio.
"We have been looking into buying an English team with a strong fan base and great potential," Austrian-born Danning told The Sun.
"Sheffield Wednesday matches those ideals. It is one of the most famous names in English football and, even though it has suffered in the last few years, we believe we can give it the energy needed to get to the Premier League.
"We have been studying this for the past month and, if negotiations go well, we hope to conclude an agreement to buy the club."
Wednesday currently lie third in League One, one place above bitter local rivals United, with 32 points from 16 games.
But former Leicester and Portsmouth owner Mandaric, who took over at Hillsborough 11 months ago, was angry at the cost to him of the Owls missing out on promotion to the Championship last season.
"I am 100% committed to Sheffield Wednesday," said the Serbian-born businessman. "But, if the right person or persons come along who can take this club further forward, I would stand aside.
"But I can completely assure you that, until that day comes, my focus is here and my heart is at Hillsborough."