Business figure Enrique Riquelme, who is challenging incumbent president Florentino Perez, appeared on television on Wednesday where he presented a Real Madrid shirt bearing the name of City striker Erling Haaland.
"He has a release clause and would like to join Real Madrid. If I become president, he will play for Real Madrid," said Riquelme.
During the broadcast, Riquelme also claimed he would secure the signing of City midfielder Rodri should he be elected.
The suggestion that Haaland could move to Madrid was swiftly dismissed, with a joint statement issued by the striker’s father and his agent rejecting any implication of a potential transfer.
"The stories which have emerged from Spain regarding the future of Erling Haaland are untrue," the statement read.
"There is no chance of this happening and there is no contractual clause to enable it.
"We are considering legal action for the use of our player image in this context."
Manchester City later rejected the claims attributed to Riquelme, viewing the comments as unfounded.
The incident has intensified tensions ahead of the vote, with Perez seeking another term as club president while facing a competitive challenge from Riquelme.
Manchester City chairman Khaldoon Al Mubarak has insisted the club remains focused on winning trophies and believes the foundations built over the last 18 years will keep the Premier League giants at the top of the game.
Jose Mourinho could be heading back to Real Madrid if current club president Florentino Perez secures victory in Sunday's presidential election.
Manchester City are reportedly preparing a second bid for Nottingham Forest midfielder Elliot Anderson as talks continue over a major transfer, with the England international keen to settle his future before the 2026 World Cup.
Florentino Perez has promised to unveil Real Madrid's first major signing for next season on Thursday, using the prospect of new arrivals to strengthen his campaign ahead of the club's presidential election this weekend.
