Reports on Wednesday suggested the 21-year-old was to join the Robins on a season-long loan following a friendly between the two clubs this Saturday.
But Sexstone has moved to rule out any possible move for the former Exeter left-back.
"There is nothing in this story at all," he told the Bristol Evening Post. "We were interested a while ago but not now.
"George Friend is certainly not a name I've heard mentioned in connection with Bristol City."