Ospreys owners Y11 have told players and staff they are not merging with or being sold to English Championship side Ealing Trailfinders.
The Welsh region has not officialy commented on the links, but Y11 Sport and Media chief operating officer Nick Angio has written a memo to the Ospreys to deny the claims, the BBC reports.
WalesOnline first reported last month that second-tier Ealing had held talks about potentially joining the Welsh Rugby Union and merging or replacing one of the four current regions under a radical proposal that had been discussed at a high level. Since then, the Ospreys were named by other media outlets as the team involved in the proposal. While Angio says a merger or sale will not be happening, he said Y11 holds talks with a number of clubs, governing bodies and other interested parties as they are in the business of investing in rugby and continue "to develop a strategy of multi-club ownership".