Speculation that the Algeria international, who has also been linked with Barcelona, will be allowed to leave this summer has been played down
Craig Shakespeare insists he is unaware of any gentleman's agreement with Riyad Mahrez over a potential Leicester City exit.
Reports this week suggested Mahrez, who penned a lucrative four-year contract extension last August, agreed to stay for the defence of the Foxes' Premier League title if they then allowed him to depart at the end of the 2016-17 season.
Paris Saint-Germain are rumoured to be leading the race to sign Mahrez, who was instrumental in Leicester's shock title win under Claudio Ranieri last term.