Rodgers feels the Uruguay defender needs first team games.
The manager said: "We haven't had any approaches. There's obviously lots of speculation and lots of rumours but so far we haven't had anything through from any club.
"I have said in the last couple of weeks that he is a player who I believe needs games and needs to go and play but obviously, I need to protect the club as well in relation to the size of the group.
"Everyone knows how small we are as a squad. It might be the best thing for Seba to go on loan, but it might not necessarily be the best thing for the club.
"There's still a few more days to go, so we'll assess that and take it from there."