Lyall Gorman, the Cronulla Sharks CEO, insists that the club will not be pursuing a deal for James Segeyaro under the current circumstances.
The NRL Premiers have been linked with a move for the 26-year-old, with speculation intensifying since the revelation that the hooker does not want to return to the UK.
Leeds have now demanded £250,000 to part ways with the former Penrith Panther, and Gorman insists that puts Cronulla out of the race.
“We have no interest in any player when they’re contracted to another club,” Gorman told the Daily Telegraph.
“If that situation was to ever change, you’d look at your roster and test your appetite.
“In relation to transfer fees, they’ve become a major salary cap hurdle and management issue.
“Our general principle is we wouldn’t invest in players with a transfer fee attached to them.’’