Ricky Rubio may not have officially signed with Regal Barcelona yet.

Rubio could still play in Spain rather than the NBA next season, but reports out of the country on Wednesday may have been overstated, according to league sources.

"Ricky Rubio hasn't signed anything. Joventut hasn't accepted anything. It's not over yet," the source told ESPN.com.

The Spanish newspaper Marca said Regal FC Barcelona had agreed to pay Rubio's former team, DKV Joventut, $5.28 million U.S., for the rights to Rubio, who the Timberwolves took with the fifth overall pick in June's NBA Draft.

"Based on the information I have attained today, no team in any league has reached a deal with DKV Joventut concerning Ricky's buyout, which must be accomplished before Ricky is released from his contract with DKV Joventut," Minnesota general manager David Kahn said in a statement released by the team on Wednesday afternoon.