Yesterday, Sky Germany reported that Bayern Munich's Chris Richards had reached an agreement with Crystal Palace.
Given Sky Sports' credibility, the story was taken very seriously, although the assertion has now reached new highs of credibility as Hasan Salihamidzic, Bayern Munich's Director of Football, spoke out.
Well, the 45-year-old has been speaking to BILD, where he confirmed that discussions with the south Londoners on a purchase for Richards are underway.
Salihamidzic responded to a question about the rumour that we were in discussions.
Ralph Hasenhuttl was hoping to bring the 22-year-old to the St Marys Stadium this summer.
Leeds has also been credited with an interest in the United States international, who is said to be worth 13 million.
Both Hasenhuttl and Jesse Marsch are expected to lose out as Patrick Vieira closes in on Richards.
After making 23 appearances in all competitions last term, scoring one goal and contributing one assist during an impressive season-long loan at TSG Hoffenheim, the versatile defender has rekindled an interest in the club.
If Crystal Palace can negotiate a reasonable fee with Bayern Munich, this might go down as one of the summer signings.
Arsenal was brief to examine Richards, a player who has been destined for greatness.
Bayern Munich does not sign anyone, so it also speaks volumes that they chose to sign him from FC Dallas at the age of 19.
Richards has gained experience in the Champions League by making three appearances in Europe's finest club competition at the Allianz Arena.
We also assume that Robert Lewandowski, Serge Gnabry, and Joshua Kimmich have both developed impressively in Munich.
Keep an eye on this situation as Crystal Palace are reportedly closing in.