Oxford United chairman Ian Lenegan says there has been no approach from League One Coventry City for manager Chris Wilder, reports BBC Sport.
Wilder has been installed as the bookmakers' favourite for the vacant managerial position at the Ricoh Arena.
“It's not a job he would ignore but, at the same time, we would try and persuade him that Oxford had a future and a very strong one.”
"There has been no approach," Lenegan told BBC Radio Oxford. "But Coventry are a good club and let's be honest they could approach us and Chris."
Wilder’s style of football has also been gaining admirers and Lenegan admits the club has been completely transformed under his guidance.
"Chris has completely changed the landscape of the club," he said.
"He has improved the quality of the football and every year that has gone by Chris has improved the team. The squad he has built is excellent.
"We've been very clear in what our objectives our and we feel we are a Championship club in the making.
"There is no reason why, with the team Chris has built, that we should not start that process by winning promotion to League One next."
Lenegan says though the club will do everything in their power to keep him at the Kassam Stadium, but admitted Wilder could be tempted by the move.
"We have high regard for Chris and we would want him to stay and will do everything possible to persuade him stay," added Lenegan.
"But at the same time you've got to recognise that big clubs are attractive and if it were Manchester United we would say 'yes' and would not stop him.
"Coventry are somewhere along the line from League Two towards that level and they have been at the highest level.
"It's not a job he would ignore but, at the same time, we would try and persuade him that Oxford had a future and a very strong one."