The Italian World Cup player was heavily linked with the Premiership outfit this week, but Andrea D'Amico believes that the striker will probably remain in Turin.
"There is nothing new to report," he told TuttoJuve.com. "The whole thing is only a remote possibility.
"I don't understand why people believe that Iaquinta is definitely moving on during the summer," he added.
"Iaquinta, at this moment in time, is very calm about his future and is concentrated on just the World Cup, a tournament that he wants to do well in."