Alex Ferguson, Lucas Moura in talks

Updated: July 23, 2012, 12:59 PM ET
ESPN.com news services

Manchester United manager Sir Alex Ferguson on Monday confirmed the club's interest in securing a deal for Sao Paulo midfielder Lucas Moura, but denied reports that a deal had been struck.

Ferguson denied reports that the Red Devils had settled on financial terms for the 19-year-old Brazilian prospect, who shot to prominence in early 2011.

"It's not correct," Ferguson said in a news conference during the club's preseason tour in Shanghai. "We haven't reached an agreement for the player. We've shown an interest but until such time we get a deal agreed we can't say he's our player."

Ferguson also confirmed to reporters that the club is still looking into various transfer options ahead of the new season. Ferguson stressed the "fantastic potential" of recent additions Shinji Kagawa, from Borussia Dortmund, and England's Nick Powell, 18.

Moura played 22 minutes for Brazil this past Friday in Brazil's 2-0 Olympic tuneup victory over Great Britain.