The 19-year-old midfielder is regarded as one of the most exciting prospects in French football and Grenoble have slapped a 30million euros (£26.9million) price tag on his head.
Reports in France have suggested he could be on the verge of agreeing a move to Marseille, while he has also been linked with a switch to Manchester United.
Feghouli maintains that he knows nothing about United's interest, although he would like to play in England at some point in the future.
For now he is concentrating on helping Grenoble in their bid to push up the Ligue 1 table.
"What I know is that my contract with Grenoble is until 2010 and transfer talk is not in my head at the moment," he told skysports.com.
"I need to play well and make sure my team stays in the league. Let's wait until the end of the season.
"I like the Premier League, it is one of the best leagues.
"Manchester United? The best team in the world at the moment, it is a dream club. But there's no contact with me, it is paper talk."