The Daily Express says they have denied agreeing a £21million transfer deal with French club Paris St Germain for Tevez.
PSG sporting director Leonardo confirmed they are interested in Tevez.
But City say they have not even had an offer from PSG, whose Qatari owners have close links with City's Abu Dhabi owner Sheikh Mansour, let alone agreeing a fee with them. Leonardo said: "We have not made a bid but we have made an enquiry.
"I spoke with the player's agent and he told me that Carlitos preferred to go to Milan. But City wants to sell and not loan. If they agree to loan, Tevez goes to Milan, and the case is closed. Otherwise the market is open."