Monaco have refuted the mounting rumours that they are set to sign Spanish international goalkeeper, Victor Valdes.

Valdes will not be renewing his contract at Barcelona when it expires at the end of the season, leading to speculation that the Spanish champions will sell him now.

Valdes was reportedly in Monaco this week to discuss the possibility of joining the principality’s big-spending club.

But Monaco sporting director Vadim Vasilyev told RMC Radio that they had not yet decided whether or not to replace their current shot-stopper, Croatia international Danijel Subasic.

"We're happy with our goalkeeper,” Vasilyev said.

“We're going to talk about it again with Claudio in a few days but, for the moment, it's not the case [that Valdes will be signed]."

Meanwhile, Monaco are expected to complete the signing of Radamel Falcao early next week.

But the club insists that there is no truth in the speculation that they plan to sign Carlos Tevez from Manchester City, to partner the prolific Colombian in attack.

"We're not in talks [with Tevez], Vasilyev added.

“A lot of newspapers are talking about that, but that case has never been discussed."