Football's richest club has denied claims it is moving onto land once occupied by Kodak near the centre of Harrow.
Rumours have been rife that Championship team Queen's Park Rangers were looking into the plot in Headstone Gardens as a potential site for a new stadium.
But a QPR spokesman denied they were looking to move away from their Loftus Road home in Shepherds Bush.
He said: "For the time being the club has no intention of moving from Loftus Road.
"There has been a significant investment in the current ground and as it stands we are concentrating on extending the ground and getting it full."
The rumours had been circulating following a change in owners at the club.
A takeover by billionaires Bernie Ecclestone, Flavio Briatore and Lakshmi Mittal have sky rocketed its potential value and has lifted them to the top of world football's rich list.
And with the site in Wealdstone becoming available last year following a mass demolition by Kodak - QPR fans in the borough had been excited by the prospect.
Stephen Ahmad, 23, of Manor Park Drive, North Harrow, said: "There has always been talk of the club moving away from Loftus Road and quite frankly the Kodak site seemed perfectly viable.
"It's a big site with good transport links to London so although there have been a number of rumours about the plot it didn't seem unfeasible."
But Land Securities, the firm hired by Kodak to develop the site, poured cold water on the idea.
A spokesman for the company said: We will be consulting with the public regarding the development proposals later this year, but can unequivocally state that they do not involve either Queens Park Rangers or a stadium and are mystified as to where the rumours might have come from.
There have also been suggestions that the area would be the home of a new police station, prison or even Civic Centre.