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Bolton boss Sam Allardyce has again confirmed his interest in signing Russian striker Dmitri Bulykin.
Bolton have already held talks with Bulykin, who is keen on making the move to England.
The 25-year-old has previously been close to Everton - but now Bolton look set to wrap up a deal, however a move is dependant on Dinamo Moscow's demands.
"The information that Dmitri Bulykin has signed a contract with Bolton isn't true," spokesman Alexander Lvov told Novosti.
"We've received no official documents from Bolton.
"Dmitri has said that Bolton were going to sign him right now, but there are some problems at the moment."