Update

BUZZ: Another Presley Is Not Recording an Album

Update Wednesday October 07, 2009 04:00 PM EDT Originally posted Wednesday October 07, 2009 12:45 PM EDT

Benjamin Presley (left) and Elvis

WENN; Shooting Star

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Music certainly runs in the Presley family, but reports that singer Lisa Marie's son, Benjamin, will be following in the footsteps of his mother and Elvis himself are nothing more than false rumors.

The U.K.'s Daily Telegraph on Saturday first reported that Elvis's 17-year-old grandson had signed a recording contract with Universal Music, and quoted the young singer (whose father is musician Danny Keough) as saying, "The music will be nothing like Elvis. Nothing like him at all."

"This story is totally untrue," Peter LoFrumento, Executive Vice President of Universal Music Group, told PEOPLE Wednesday.

Guess at least the quote was remotely accurate!