Pep Guardiola has been linked with a move to Juventus and Manchester City board member Alberto Galassi has described the reports as ridiculous.
On Thursday, several Italian media outlets claimed that the Spaniard, 48, has agreed to a four-year deal to replace coach Massimilano Allegri, who is leaving the Serie A champions at the end of this campaign.
“This rumour is unfounded,” Galassi told Sky Italia.
“A club like Juventus would not have allowed such news to come out like this. Manchester City could not have been left out without knowing and being advised.
“It is unbelievable that the media pursue this kind of rumours. This is ridiculous. Guardiola wants to stay.
“He is a great professional and he can’t believe his words are not listened to. He does not want to leave. Therefore, the problem does not exist because the whole matter does not exist.”
Guardiola who won an unprecedented domestic treble in the just ended EPL season is contracted at Etihad Stadium until 2021.