Former Manchester United winger Ryan Giggs has had no contact with Sunderland over their managerial vacancy, Press Association Sport reports, despite bookmakers slashing the odds on his appointment.
On Wednesday afternoon, the 43-year-old was backed in from 25/1 to 1/5 with some betting companies to replace the departed David Moyes at the Stadium of Light.
However, sources close to Giggs have told Press Association Sport that while the Welshman is ready to talk to clubs about opportunities, he has "categorically received no approach" from Sunderland.
Sources on Wearside also played down speculation that they were about to make an appointment as books fast approached the point of being closed.