He replied to the Hull Daily Mail's article: "Jan Molby is someone we have looked at very closely but any details being banded about regarding contracts or money for signings are very premature and very wide of the mark.
"I have not met Jan Molby and I have not offered him a three-year contract."
The Mail had stated that deals with Molby and his assistant Gary Barnett had been agreed, and that £1million would be available to them to strengthen the team.
However, Molby's wife has said that it is a done deal, and that they will be in Hull by the weekend: "The stories circulating in the English media are correct. I'll be there at Kidderminster for the last time on Tuesday against Cheltenham."
Keep your eyes on Hull City Online for all the latest news as it breaks.