Horst Heldt has denied that Schalke have agreed to sell Julian Draxler to Bundesliga rivals Wolfsburg and said the club will leave it late before making a decision on the midfielder's future.

Draxler was reportedly set for a move to Juventus, but Wolfsburg are said to be leading the battle to sign the Germany international ahead of Monday's transfer deadline.

Schalke sporting director Heldt confirmed there was a development with regards to Draxler's future on Saturday, after Draxler had featured in a 3-0 defeat at Wolfsburg.

Wolfsburg, who have agreed a deal to sign Dante from Bayern Munich, have seemingly turned to Draxler as the man to replace Kevin De Bruyne, who is expected to complete a big-money move to Manchester City.

Heldt said the Gelsenkirchen outfit had rejected an offer from Juve and stressed they will not rush a decision over the 21-year-old's future.

"The door is not closed because on Saturday there was some news regarding a transfer of Julian Draxler. We have to take time and handle this topic. We will make a decision in the interests of the club." he told the club's official website.

"All documents concerning a transfer must be submitted by Monday 6pm. I think because of the development of yesterday we have to handle this topic until the end."