Schalke's director of sport Horst Heldt has denied that his club are planning a bid for the former Spain international Guti.

Spain's As newspaper reported that Guti, formerly a team mate of Schalke striker Raul at Real Madrid, was holding talks with the Gelsenkirchen-based club, but Heldt says there is no foundation to the story.

"It is not true, there is nothing in it," he told Germany's Sport1 television.

"Guti was a great player, but he is not an issue for us."

The 35-year-old left Real Madrid at the same time that Raul moved to Schalke.

Guti moved to Besiktas, but his contract there was terminated in November and he is now a free agent, but Heldt says certain rumours need not be believed.

"Just because the As writes some rubbish, does not mean that it has to be true," he added.