In a statement released on Wednesday, the Dons announce that they have rejected an approach for their 32-year-old coach and that he remains "committed" to the club
The Tangerines had identified the 32-year-old as a potential successor to Michael Appleton, who left Bloomfield Road earlier in January after a very short spell in charge to take over as Blackburn boss. The Dons, however, insist that no offers for their boss will be entertained.
"Following discussions between Karl and the chairman, the club have turned down an approach from Blackpool to speak to Karl regarding the managerial vacancy at Bloomfield Road," a statement on the club's official website read.
"It comes as no surprise that Karl's name is once again touted for one of the top managerial positions in the Championship as his bold and stylish brand of football has invited plenty of talk in the industry.
"Since being appointed at Stadium:mk as the youngest manager in the Football League, Karl has guided our side to back-to-back play-off campaigns, broken a number of club records and only yesterday he created history by leading our club into the fourth round of the FA Cup for the first time.
"Karl is an ambitious, bright young manager and he is firmly focused on realising MK Dons' dream of Championship football.
"Karl remains committed to the players, staff and, most importantly, the fans at Milton Keynes Dons and will be looking to take the club from strength to strength by continuing to write new chapters in its history books."
Robinson was appointed manager of MK Dons in 2010 and has guided the club to two fifth-placed finishes in League One since.