The former Republic of Ireland boss has denied that he has been approached by the Biancocelesti, who have won just one of their last six league gamesLazio as "just rumours".
The legendary Italian coach, who recently parted company with Republic of Ireland, has been tipped up as a potential replacement for Vladimir Petkovic, who is coming under mounting pressure in light of the Biancocelesti's run of one win from their last six Serie A games.
However, when asked by Corriere dello Sport if he was bound for the Stadio Olimpico, Trapattoni declared: "No, those are just rumours that are unfounded.
“With regards to my future, there have been some conversations [with interested parties] and I will try to make the right choice."
Trapattoni did hint, though, that he will be returning to work in his homeland.
“Italy is a marvellous country in which I’ve had success and satisfaction," the 74-year-old stated.
Trapattoni has taken charge of Milan, Inter, Fiorentina and, most successfully of all, Juventus, during his illustrious coaching career.