Universal Music is denying that Elvis Presley’s 17-year-old grandson, Benjamin Presley, has signed a recording contract, according to People. It was previously reported that Benjamin — the son of Lisa Marie Presley and musician Danny Keough — had signed a $5 million, five-album deal with Universal, but the company’s executive vice president, Peter LoFrumento, told People on Wednesday that “this story is totally untrue.”