English Premier League outfit Newcastle United as well as Old Firm rivals Celtic and Rangers have been credited with an interest in the 19-year old but Houston feels it is all to do with contract negotiations.
"It is obviously down to his agent trying to get him more money," said Houston. "We offered Scott Allan a deal last week. He has taken it back to speak to his father.
"It could be his agent that is pushing things, but we'll expect an answer from Scott and we'll announce it when he accepts it."
"We've seen him through glandular fever, broken legs and other instances off the park - and we're getting some rumour monger starting a rumour about Scott Allan.
"It is galling because it is absolute nonsense."