A new report from NBC Sports' ProFootballTalk refutes Monday's rumor that Dallas Cowboys fourth-year quarterback Dak Prescott is negotiating for a $40 million per year deal with the franchise.

Prescott, 26, is looking to sign a long-term contract with Dallas, however, he reportedly turned down an offer, which would have paid him $30 million a year as the team's shot-caller.

Per Charean Williams in ProFootballTalk:

A PFT source quickly shot down the [$40 million a year request] report, saying it is false based on either new money or total value at signing.

Both sides have expressed optimism at getting a deal done. At some point.

Whatever the number is, Prescott is expected to become the highest-paid player in team history but not the highest-paid player in NFL history.

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Prescott is a two-time Pro Bowl QB and ex-AP offensive rookie of the year. The Cowboys selected him in the fourth round of the 2016 NFL Draft; after which, he took the reins of the offense in his first year as a pro due to a back injury afflicting veteran QB Tony Romo in the preseason.

Prescott has gone on to be a reliable force under center for Dallas in his three seasons with the club and head coach Jason Garrett.

Last season, Prescott threw for 3,885 yards, 22 touchdowns, eight interceptions, and connected on 67.7% of his targets.

He and running back Ezekiel Elliott have made up the core of the Cowboys' strong offensive presence in the league, with Dallas anticipating locking both up indefinitely with new deals.