The MLS side have admitted that they are in talks with an unidentified club interested in the 31-year-old striker, with the west Londoners heavily linked in recent days
The former Tottenham striker has reportedly drawn interest from QPR and Bezbatchenko admitted that there have been talks between Toronto and an unidentified club.
"As far as I'm concerned, Jermain Defoe is with TFC," Bezbatchenko said on Sunday. "It's important for Jermain to be here, because he is a great player. But if things change then we'll adjust.
"We receive offers all the time, especially for a player like Jermain.
"We have received an offer and we have discussed it internally. I think that when you score as many goals as he has and you have the reputation and background that he has it's not uncommon to receive these offers.
"We've received, actually, multiple offers before over the course of this year. So I want to confirm that we're in talks, but we have a relationship with Jermain too. We're speaking with him and no decisions have been made.
"We'll discuss it over the next 24 hours."
Defoe has scored 11 goals in 16 MLS games with Toronto, but has also missed considerable time due to injury. In addition to a sports hernia that he is receiving treatment for in England, the 31-year-old sat out the entire month of April with a hamstring injury.
Defoe signed a four-year deal with Toronto in January after leaving White Hart Lane and has previously worked under QPR manager Harry Redknapp in his days at West Ham and Spurs.