Velez Sarsfield want to keep starlet Ricky Alvarez at the club through the summer but admit that an offer of €14 million could tempt them into selling their prized asset.
The club's hierarchy met on Tuesday night in order to discuss the player's future amid rumours that Arsenal were seeking a deal for the imposing attacker.
Speculation was rife last week that the 23-year-old had signed a pre-contract agreement with Arsene Wenger's side but those reports remain unsubstantiated.
Alvarez has three years left on his current deal at Velez and only a massive offer would see him move to Europe.
"Velez have no current intention to sell Alvarez,"
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