While it would still seem likely to happen given the recording arm of American Idol's 19 Entertainment production company has the option to sign any of the season's finalists, a report that ousted tenth-season finalist Pia Toscano has already reached a recording deal with Interscope Records, the show's new recording partner, is apparently premature.

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"This Pia thing is all just a rumor," an Interscope Records spokesperson told USA Today on Monday.

On Saturday, Us Weekly reported that Toscano -- who was shockingly eliminated during last Thursday night's live results show -- had landed a record deal with Interscope Records to record her debut album under new Idol mentor Jimmy Iovine less than 24 hours following her ouster.

"Pia is being signed to a deal with Interscope Records who are rushing her into the studio to record an album ASAP," a source told Us. "Starting [Thursday] night after the show, Interscope told her they wanted her and first thing [Friday] morning, Interscope brass started calling every top songwriter and producer in town to get an album together and rush release it."

"Papers are being finalized. It's basically a done deal. She's signing. They rushed everything but she's so excited."

Toscano is also attempting to brush aside the hype surrounding her alleged recording contract signing.

"I really don't -- I don't know yet what's going on with that," the 22-year-old from Howard Beach, NY told MTV News when asked about the report on Monday. "Hopefully, good things."

"I've been so busy that I haven't met with anybody right now. Seriously. I'm looking forward to any opportunities that are to come but I'm really just focused on the [upcoming American Idol summer] tour right now and getting some much needed rest that I haven't gotten."