Konadu, who won the 2012 Ghana Premier League title with Kotoko, paid a visit to team in Accra ahead of their 1-0 defeat to Hearts of Oak in the Super Clash on Sunday. After the game, head coach Zdravko Lugarusic was given a seven-day leave to his native country Croatia, fuelling reports that Konadu may takeover in his absence.
"It's not true that I am close to joining Kotoko. There are no negotiations between my counsel and the club's top hierarchy,'' Konadu told Fox FM.
"Some of these reports by journalists are what prevent former coaches of clubs to go near the playing body of teams they've managed in the past, even when they have no intentions to cause tension within the current technical team.
"If you try to step a foot at their training grounds, people will start reading a lot of meanings into it,'' he said.
He added: "I just paid them a visit at their training ground here in Accra when they came to play Hearts in the Super Clash and so I don't see the rationale behind the peddling of falsehood. I am not taking over from the current coach so everyone should ignore such reports. I have a job with Ghana FA and respect contracts."
Konadu is expected to be reassigned to his assistant coach role in April when a new head coach will be announced.