The Daily Mirror had claimed that Shaun Derry, Paddy Kenny and Clint Hill all supported the claims and were willing to help the FA's inquiry.
The trio are reportedly furious that they have been involved in the case, with Derry not even having been on the field of play at the time.
A club spokesman told Press Association Sport: "There is no truth in these stories whatsoever.
"None of the three players have been called to give evidence or will be called to give evidence."
It had been reported that the players were set to give evidence centering around countering Terry’s defence that he used the language simply to refute a suggestion that he had engaged in racial abuse, with the three lending weight to Ferdinand’s claim that he did not make such an accusation to the Blues man.
The Chelsea defender's team-mate, Ashley Cole, has also been the subject of reports linking him to being called to the FA investigation, with The Sun reporting that the 30-year-old will back Terry, claiming he heard no racial insults despite being close to the pair when the incident allegedly occurred last Sunday.
Rio Ferdinand has also reportedly backed his brother and has rejected Terry's proposal to talk about the incident privately.
Terry's England captaincy is potentially under threat in the wake of the allegations, as Fabio Capello is preparing his squad for a friendly against Spain on November 12.
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