A report states that Warnock will be given a new position at the Barclays Premier League club once they find a suitable successor for his tracksuit role.
The 65-year-old replaced Tony Pulis at the end of August and is six matches into his two-year contract.
"I'm not ready [to move upstairs]. I will take the story with the pinch of salt," Warnock said.
"I know nothing about it. I'm afraid I'm not into that at the minute, I'm just concentrating on managing.
"You are going to get rumours like that. I have come to help Palace out and I'm really enjoying it."
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