Atletico Madrid president Enrique Cerezo says Antoine Griezmann is among the top three or four players in Europe and will remain with the Spanish club beyond this season.
Griezmann sealed a return to Atletico from Barcelona last August on an initial loan with an option to buy after spending just two years at Camp Nou.
He has struggled to recapture his best form with Atleti, however, having scored just eight goals in 35 appearances in all competitions.
Indeed, the France international is on a 14-game run without finding the net in LaLiga, which is one short of his longest goal drought in the competition.
Griezmann's 13 direct goal involvements in 2021-22 is the fourth most among Atletico players, meanwhile, behind Luis Suarez, Joao Felix (both 15) and Angel Correa (18).
But contrary to suggestions in the Spanish press that Atleti are reluctant to purchase the 31-year-old outright, Cerezo has made clear a deal is being worked on.
"Griezmann is our player. He has a contract with Atletico Madrid and will stay here at Atletico Madrid," he said at an event on Friday, as reported by AS.
"In my opinion, Antoine is among three or four best players in Europe."
Atletico last week announced that Suarez will depart Wanda Metropolitano at the end of the campaign.
They still have Alvaro Morata on their books, though, with the Spain international's two-year loan at Juventus coming to an end after Saturday's Serie A clash with Fiorentina.
Unlike with Griezmann, Cerezo was less assertive when it came to discussing Morata's future in the Spanish capital.
"The truth is that I don't know what will happen to him," he said. "He's our player, but I don't know what will happen. I don't know if Juve will keep him or not. We don't know."
Atleti have conceded 42 goals in 37 LaLiga games this term, which is their worst record in a single campaign since 2011-12 when Diego Simeone took over midway through.
Jan Oblak in particular has endured a difficult campaign, though Cerezo rejected suggestions that the goalkeeper could move on in the upcoming transfer window.
"There are always rumours about everything," he said. "Jan is a goalkeeper for Atletico de Madrid, and he has a contract. He may yet renew for another 10 years."