Manuel Pellegrini's agent claims the Malaga coach has not been approached by any club but revealed he has a release clause of €4million (£3.5million) in his contract with the Spanish club.
The Chilean's future has been the subject of intense speculation in recent weeks with the likes of Chelsea and Manchester City credited with an interest in acquiring his services this summer.
Pellegrini is regarded as one of the best coaches in Europe and Italian side Roma have also been linked with a move for the former Real Madrid chief.
However, Pellegrini's representative, Jesus Martinez, claims they have not had any offers from other clubs, but admits they plan to hold talks with Malaga over his future with his current deal due to expire in the summer of 2014.
"We must speak with Malaga about many things," Martinez told EFE news agency.
"If we have contacts with Roma, Chelsea and Manchester City Manuel has a contract until June 2014 and a price of €4million (£3.5million).
"But for the moment, no team has contacted us to offer a new contract."
Pellegrini, meanwhile, has distanced himself from comments made by Martinez that the Chilean is owed wages by the club.
Martinez had claimed on Tuesday that payments to Pellegrini and his technical staff were not up to date and that the club had failed to deliver on promises made to Pellegrini.
However, the 59-year-old said he did not instruct Martinez to make those statements.
"I am very good friends with him," Pellegrini told the Cadena Ser.
"But I am independent from Jesus, I have no spokesman and I don't hide behind other people to say what I mean."
"Jesus must have had his reasons, I cannot control what he says, but these are internal things to be managed internally."
Problems with late payments to other clubs for transfer fees, employees and tax authorities led to Malaga receiving a one-season ban from European competition from UEFA should they qualify in any of the next four seasons.
However, the club are currently appealing that decision to the Court of Arbitration for Sport and Pellegrini suggested that if the club is managed properly over the summer he would be keen to stay in Spain rather than take up a potential job offer in England.
"I cannot predict the future, but there is internal awareness at the club to sort out the project, they have to work on areas and have capable people," added Pellegrini.
"My future depends more on what Malaga do externally, I have repeated several times, the situation is the same.
"I am happy to stay in Malaga and to fulfil the contract. I have said that when my career is finished, I will come here to live. I have a house here. It depends on having a project similar to the one that was proposed initially."