Those hoping for a Dior announcement this week may not want to hold their breath. In a blog post based purely on rumor and speculation (sorry, Suzy), Hint Mag claims that Dior CEO Sidney Toledano has just signed on Bill Gaytten, who most assumed would only be a temporary replacement, for six more seasons as creative director.

Hint’s source claims that Raf Simons, a frontrunner who we assumed would take the reigns after his departure from Jil Sander, was close to an agreement with Dior until he asked for too high a salary. This reportedly “outraged” Toledano, so he halted the company’s search for new talent and instead gave Gaytten the job for three more years.

UPDATE: Raf Simons’ rep has given us the following statement:

Mr. Simons has never discussed any sort of financial arrangement with Dior executives. Such conversations have not occurred. Any claim otherwise is a baseless and ridiculous rumor.

Earlier this year, there were reports that Gaytten was designing three collections ahead for the house. And sources did recently tell WWD that Dior was “mulling continuing with a team approach, possibly adding some young, up-and-coming talents.” Plus sales have been going up for the label.

While Gaytten’s collections for Dior continue to get mixed reviews, it’s safe to say that after all this rumor mongering, we’ll be happy for any kind of official announcement from the fashion house on the subject, regardless of who gets the job.