Sky Sports News understands Bolton Wanderers have not received an approach from Blackburn Rovers for Kevin Davies.
Speculation in the Sunday tabloids claimed former Trotters boss Sam Allardyce is keen to work with Davies again at Ewood Park.
Allardyce signed Davies from Southampton in 2003 during his time in charge at the Reebok Stadium and reportedly wants the striker in his squad once more.
The 32-year-old has been mooted as a £5million replacement at Blackburn for Roque Santa Cruz, who is expected to join Manchester City.
However, it is understood that Bolton have not fielded any enquiries from their local rivals for their captain and insist he is not for sale.
Davies has previously had an unsuccessful spell at Blackburn, scoring just twice in the 1998/99 season after costing £7.5million from Southampton.
He returned to the Saints after his solitary campaign with Rovers, but has gone from strength to strength since being signed by Allardyce for Bolton six years ago.
Last season saw Davies take over as skipper, finish the term as the club's leading scorer and also come close to an England call-up.