Ross Brawn has played down reports Michael Schumacher is set to extend his return to Formula One beyond next season.
Based on the seven time world champion's claim in Canada that driving a team to success typically takes about "five years", German media claimed it was a strong hint the 42-year-old was set to renew his contract through 2014.
But when asked on German television RTL if this is the right interpretation to make of Schumacher's comments, Mercedes team boss Brawn answered: "No.
"There was absolutely no reason to drive that speculation. The situation has not changed."
The Briton also told German Sky television that the issue of Schumacher's renewal has "not been discussed".
"I am very happy with our two drivers -- they are not the reason we are not winning races," Brawn insisted.
"Both our drivers have contracts at the moment and our priority is to make the car better. We definitely have another year with Michael and if with next year's car we can get the results we want, then I see no reason why we shouldn't go on.
"But at the moment there are no talks," he added.
At the right time we will talk about it, but right now would make no sense
Also asked about the rumours of a contract extension, Schumacher said in Montreal: "At the right time we will talk about it, but right now would make no sense."
The famous German has had a difficult time since returning to F1 from retirement last season, but in Canada came close to securing the first podium of his comeback.
One foreign newspaper said the Montreal performance showed Schumacher "has some talent left" in the wake of his record-setting previous career tallying 91 wins.