The 40-year-old said of the reports: "I don't know where it came from."
He added: "Growing up, Liverpool and Manchester United always felt special. It's an honour to be linked even if there's no truth in it. I love it here [at Wolves]. I'm a head coach, I'm always going to be a head coach. I'm really enjoying my time at Wolves. I was only made aware of it [the links] by the media team to prepare for your questions."