The Welshman's future has been the subject of increasing speculation, as manager Roberto Mancini continues to add to his squad with new signings throughout the summer.
It had previously been suggested that the Glaswegian giants - who went trophyless last season - could swoop for the former Liverpool hitman, and take him on a similar deal that saw Tottenham Hotspur striker Robbie Keane ply his trade at Parkhead last term.
"I wouldn't like to say anything at the moment on that," Lennon told reporters.
When quizzed if the Bhoys were capable of turning the potential move into a reality, he said: "I would hope so but I don't know. It's still up in the air as regards that.
"I don't know if we will, but if not we have got a lot of attacking options as it is.
"We are scoring goals and creating a lot of chances."