Juve chief Fabio Paratici has confirmed they made enquiries after the Argentine last month.
But Zhang said after the club's board meeting on Monday: “In football you can never say never to business with Juventus.
“However, in this specific case there's no chance that Icardi will go to Juventus. We talked a lot last week and we want to put to this story.
“We're negotiating a renewal with Inter, but our philosophy is that the group is always greater than the individual.
“Our market campaign next summer will be better than the last one."