MINNEAPOLIS — Minnesota Timberwolves president David Kahn says “no team in any league has reached a deal” on a buyout for Spanish point guard Ricky Rubio.

A Spanish media report circulated earlier Wednesday said that Regal Barcelona had reached a buyout agreement with Rubio’s team, DKV Joventut. The report said Rubio would sign a six-year deal with the team that included an affordable buyout in 2011 that would allow him to come to the NBA.
But Kahn issued a statement Wednesday afternoon saying no deal has been reached.
The Timberwolves selected Rubio with the fifth pick in the June draft. Kahn has made two trips to Spain since then to try to help Rubio negotiate a buyout and play in the NBA this season.