Pedro de Felipe, a football agent heavily involved in the Real Madrid presidential elections, is adamant Juan Miguel Villar Mir will not appoint Arsene Wenger as the club's new coach.
Villar Mir is aiming to become Real's next president and is hoping to unveil Arsenal boss Wenger as his coach if he is elected.
The presidential hopeful has claimed to have spoken to the French tactician and is confident he can entice Wenger to the Bernabeu.
But de Felipe has dismissed Villar Mir's declarations and insists it is merely a ploy from the candidate to try and win the election.
"The Wenger story and the candidacy of Villar Mir is false," de Felipe told Spanish newspaper As. "All lies, completely false.
"I said the same thing about the (Carlo) Ancelotti story, going against everyone else, bout the (Carlo) Ancelotti story, going against everyone else, stating that, too, was a lie and time proved me to be right.
"The source of that false information was exactly the same as the one used now. The origin is the same and everyone knows what I am talking about.
"I shall go further. I will bet €300,000 (£200,000) that Wenger has not signed up with anyone and that on Monday July 3, Villar Mir will not present Wenger as coach.
"I shall place this amount of money with a lawyer if needs be. I am prepared, though, for them to prove me wrong and shut me up.
"I know that 20 days ago, there was a meeting in Paris. I know who was there and what happened.
"When the identity of the people who were involved comes out, many people are going to hide away.
"It is the same people that made up the story about Ancelotti. They will do anything to create expectations before the elections to play on the feelings of the fans and members again."
When asked why there had been no denial from Wenger forthcoming on Arsenal's official website, de Felipe remained steadfast in his stance that the Frenchman would not take over at Real.
He added: "He (Wenger) will (deny it) do so, in some form, very soon. Wenger, who I speak to often, has authorised me to state that his supposed commitment to Villar Mir and Carlos Sainz is an invention and that he has not committed himself to anybody.
"Some people try to sell smoke, but the fact is that Villar Mir and his whole team are smoking the pipes."
