BOLOGNA insist they have not agreed a £12m deal to sell Gaston Ramirez to Saints.

The 21-year-old has said he has agreed a deal to join Saints, but his Italian club, Bologna, are furious as they claim not to have accepted a fee, and are understood to want £16m for the player.

Bologna president Albano Guaraldi today expressed his frustration as he insisted the deal for Ramirez was still some way from being completed.

The wages on offer to Ramirez – which could amount to £60,000-£70,000 a week - are reportedly far above what he earns in Italy, but Guaraldi insists that will not affect Bologna’s negotiations.

“'Ramirez can say whatever he wants and I know he is very angry about this situation,” Guaraldi told the Corriere di Bologna.

“But I am the president of Bologna, and if the deal is only satisfactory to two parties out of three and the third is me, it won’t be done.

“The conditions proposed by the British (Southampton) did not satisfy me: they must either change or Ramirez will remain a Bologna player.”