Roma have dismissed reports they had received a firm offer from Russian oil company Nafta Moskva to buy the cash-strapped club.
Shares in the club were suspended earlier in the day amid speculation that a deal had been reached.
The club confirmed representatives of Roma president Franco Sensi have been in negotiations with Nafta Moskva officials, but denied an offer had been made.
Roma are reported to have debts of over €300m and have struggled to pay their players on time this season.
Earlier this week, Sensi admitted to having preliminary discussions with the Russians.
“It’s true, we are negotiating with the Russians,” he told the Gazetta dello Sport on Tuesday.