Brands has been tipped to come on board at Everton, most likely as the club's new director of football and perhaps to form a partnership with Steve Walsh, the role's current incumbent.
Sky Sports reported last week that according to their sources, the announcement of the capture of Brands could be announced as early as the middle of this month.
Toon Gerbrands at PSV insists, however, that while Brands has been in contact with Everton, there is nothing certain about a deal between the two parties.
"They have recently reported to him, but also twice before. A year ago and a half year ago," Football Oranje say he told the Fox Sports show, De Tafel van Kees.
"So it has not gone through twice and even now the contract is not complete at all. Everton also has to report to PSV, that is not the case. They have only reported to Marcel, and he has informed us nicely about this. If you know Marcel, it is not done yet.
"His feeling must be one hundred percent good. It must be 100 percent accurate. If it is not quite right yet and his feeling is not good, he just says no. The fact that he has a conversation with them does indicate that he is considering it."
In the wake of Sky's report, Eindhoven's team manager, Philip Cocu, expressed to De Telegraaf his concern at the possibility of Brands leaving, a measure of how respected he is at the Eredivisie champions-elect.
“If Marcel were to leave, I would be very sorry," Cocu said. "I think our cooperation, at the service of the club, is very fruitful.”
Current Everton boss, Sam Allardyce, meanwhile, wouldn't be drawn on the speculation other than to acknowledge that he was aware of it.
"Obviously there's some light in it because of what's coming out of PSV," the 63-year-old said, "but at the moment I can't speculate on what's going to happen and what position he's taking up until my bosses ring me up and say 'right Sam this is what's happening let's sit down and see the way we go forward.'
"Until that happens I can't speculate on that."