There has been no contact between Newcastle and Liverpool regarding Andy Carroll.
The misfiring striker's agent and St James' Park managing director Derek Llambias have both made it clear they have not attempted to negotiate a deal in response to speculation.
Several newspaper reports on Wednesday morning claimed £35million Carroll is being made available by Liverpool officials for a £20m fee just less than 12 months after his arrival.
The former Newcastle striker, who last season scored 11 Premier League goals for the Magpies, left Tyneside on the deadline day of the 2011 January transfer window.
It was a sensational move, but Carroll has severely struggled for form, fitness and to justify his record-breaking price tag as the most expensive British footballer in his year with Liverpool.
Reports Kenny Dalglish is interested in both Newcastle's Demba Ba and Aston Villa's Darren Bent amid Liverpool's problems in front of goal have only increased the rumours.
But Newcastle and Carroll's representatives are adamant they have not been attempting to engineer the 23-year-old's return to St James' Park.
Carroll's camp is understood to be particularly upset by the conjecture given that Liverpool are on Wednesday night set to face Manchester City in the Carling Cup semi-finals.
The England striker, who seems to be fighting a losing battle to earn a squad place for Euro 2012, last Friday scored just his sixth Liverpool goal during the FA Cup win over Oldham.