Gordon Ramsay Holdings is in talks with the Carlton Tower hotel in London's Knightsbridge to acquire its Monte's restaurant and private members' club on behalf of a third party.
It would not confirm widespread rumours that the third party was Ian Pengelley, the former head chef at Will Ricker's Notting Hill restaurant E&O. Pengelley left the restaurant last year.
"This third party has approached Gordon Ramsay Holdings to act in a purely managerial capacity. Gordon Ramsay Holdings is not in negotiations to acquire the site for themselves," the company said in a statement.
Derek Picot, general manager at the Carlton Tower, said the hotel was talking to two "frontrunners" to run its 80-seat Monte's restaurant and club, but no deal had yet been signed. He added that there were a few more interested parties "in the back drawer".
Finance director David Nicholson said one of the parties involved was "as high-profile as Gordon".