The South Korean has been linked with the Reds in reports in his homeland, with the Merseysiders said to be keen to exploit the commercial potential of signing such a well-known Asian player.
Dong-A Ilbo claimed that the player was being linked with Liverpool in the wake of the Merseysiders having concluded a sponsorship deal with Standard Chartered Bank, as they look to boost revenue streams in the Far East.
However, a spokesperson from TI Sports, Lee's representatives, quelled talk of a possible switch.
"I never received the offer from Liverpool, there was absolutely no contact. Speculation about the future is not helpful," he told reporters.
"[The link is] in a word, absurd. Liverpool did not have any discussion.
"Next season will be a lot easier [for Lee], but there is still much to learn in terms of player development.
"Lee wants to be a regular at Bolton next season, this is important [for him]. It is important that Bolton stay in the Premier League, that is the biggest objective."
TI Sports also confirmed that talks are in the pipeline at Bolton about a new contract for the winger following a steady season at the Reebok for him.
Lee joined Bolton from FC Seoul for a reported £2.2 million in summer 2009 and has hit five goals so far this season.
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