Media reports suggested Chinese Super League outfit Beijing Guoan were prepared to offer Arda €20million per season on a five-year deal.
The Turkey international only made his debut for Spanish and European champions Barca in January following a €34m move from fellow La Liga side Atletico Madrid in the off-season.
READ MORE | RUMOURS: Chinese club line up Turan move
"It is not true that Arda has received any offer [from China]," Bulut told Mundo Deportivo.
"Arda is not looking at leaving now, or in the summer [transfer window]."
Chinese clubs have been on a spending spree in recent weeks, with the likes of Jackson Martinez, Ramires, Luiz Adriano and Alex Teixeira all making the move from Europe to Asia.