Prince is rumoured to have left a huge vault of unreleased music at Paisley Park.

Earlier today, it was reported that Jay Z has offered Prince’s sister $40 million (£33 million) for the artist’s vault of unreleased music, which is rumoured to be huge.

However, an advisor to Prince’s estate has since told Billboard that he has “no knowledge of any discussions in that report”.

The advisor, L. Londell McMillan, added: “There is no sale [of Prince’s music assets], and those responsible for the assets are not in discussions with anyone regarding a sale.”

TMZ‘s report linking Jay Z to Prince’s unreleased music follows another story earlier this month which claimed the vault is up for sale.

The vault is understood to contain “thousands of hours of music recorded over four decades”. However, the earlier report says his estate has yet to begin cataloguing its contents properly, so it is unknown exactly what the vault contains.

Because Prince apparently left no will, his rightful heirs have yet to be decided. His sister Tyka and five half-siblings appear to have the strongest claim to his estate, but it is understood that several of his other relatives could have a legitimate claim too.

From October 2015 to October 2016, Prince and his estate earned around $25 million (£20 million) before tax, making the late music icon one of the world’s highest-earning dead celebrities.