Reports in Germany have claimed that Spurs manager Andre Villas-Boas is considering lodging a £7 million bid for the 21-year-old.
But, despite describing the suggestions as "flattering", the midfielder has dismissed the idea of moving any time soon.
"I have heard about that. I read papers," Herrmann told Rheinische Press. "Of course, those sums are somewhat flattering.
"You don't have to overrate it. My agents did not tell me anything about it. That's just rumours."
|25/1||Tottenham are 25/1 with bet365 to beat Chelsea 3-2 on Saturday|
He was keen to emphasise, though, his happiness with his current situation.
"I am happy about the praise. But why should I leave now? I feel great here," he added.
"And the last season was great fun, we played beautiful football. We want to return to that now and are on the right path."