The 28-year-old forward is struggling for game time at his Belgian club RSC Anderlecht, who signed him from their Pro League rivals KV Oostende in July, 2018.
Recent reports suggested that Chiefs are considering a move for Musona, but he has since poured cold water over talk of a return to the club where he became a fan favourite.
"To all my lovely Kaizer Chiefs supporters. The rumour circulating on social media is not true," Musona said on Twitter.
Musona, who had two spells with Chiefs, has made eight appearances in the Pro League this season - netting once in the process.
However, Musona has certainly not ruled out the possibility of donning the famous gold and black once again.
"I never said I will not come back, but time will tell. Thank you for the love you have shown me even if I left years ago. You deserve the best. Love Y'all," he concluded.
Musona, who was part of the Chiefs team that won the 2010 Telkom Knockout Cup, has fallen out of favour under Belgian coach Hein Vanhaezebrouck at Anderlecht.
To all my lovely Kaizer Chiefs supporters.The rumour circulating on social media is not true.I never said i will not come back but time will tell.Thank you for the love you have shown me even if i left years https://t.co/m4fianYiDE deserve the https://t.co/P5ZmYhOjPV Y’all ❤️&✌🏻— KMusona Official (@KMusonaofficial) December 19, 2018