Alessandro del Piero's manager has insisted that the former striker is yet to agree terms with Sydney FC.
Reports on Thursday suggested that the 37-year-old was ready to join the A-League club but Del Piero's brother and manager Stefano maintains otherwise.
"Obviously things were misinterpreted," Stefano Del Piero told ANSA. "We still have to properly analyse the project.
"[The offer] has not left Alessandro indifferent, we're talking about a two-year deal worth €2m a year. It's a serious offer but that doesn't mean everything's decided."
Del Piero played 705 games for Juventus in 19 seasons, scoring 289 goals.