As Goal.com exclusively revealed on Monday, the Royals have tabled a bid believed to be in the region of £8 million for the Blackpool wideman.
"We've made a bid, we're waiting on Blackpool to come back to us on that one," the 51-year-old told reporters.
"He's a Blackpool player so it's difficult for me to talk about players that don't belong to us.
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"He's a good player with potential, I imagine there's a lot of interest in him. But once again I have to say this is a player who doesn't belong to us."
The England under-21 international has been strongly linked with a return to Anfield just a year on from leaving Merseyside in search of first-team football.
However, with the Reds currently unwilling to match the Championship side's £8m valuation, Reading have made a late attempt to secure Ince's services.
The Stockport-born winger, who has scored 15 goals in 26 appearances in the second tier this season, could become the Royals' fourth January signing.