Halil Falyali - one of the millionaire Falyali brothers who are leading the consortium - said they are discussing the purchase of the club, reports The Daily Telegraph.
A spokesman for the brothers said negotiations were ongoing following an £85million offer.
Chairman Mohamed Fayed is said to be angry that news of the talks had been leaked and a spokesman denied that the club had been put up for sale.
Fayed has invested more than £100million in the club since taking control in May 1997.






