Sevilla coach Juande Ramos says he rejected a "dizzying" offer to take over from Martin Jol at Tottenham.
Ramos (left) got the better of Jol in last season's Uefa Cup
Jol's future as manager was in doubt after Spurs lost their first two games of the season before beating Derby.
"They made an excellent, dizzying offer, but I'm under contract and my decision is to fulfil it," said Ramos.
But Spurs have denied making any offer, saying: "No individual was or has been offered the position while that position has been held by Martin Jol."
Spurs were reported to have met the Ramos camp over the weekend before telling Jol his job was safe providing he delivered Champions League football.
"There was not the slightest possibility that I would accept it because I'm under contract. It did not interest me or the club," added Ramos, whose contract with Sevilla expires next summer.
"I wasn't in a meeting with anyone, what happened was that I met with a person and that person went on to meet other people who were surely Tottenham."
Ramos, who made a hasty but unconvincing attempt to play down talk of an offer from Spurs once Wednesday's news conference was over, is regarded as one of the most promising coaches in European football after guiding Sevilla to back-to-back Uefa Cup titles.
Sevilla beat Spurs on the way to their success in last season's Uefa Cup, while Ramos also led his side to third in La Liga and victory in the Copa del Rey - Spain's top domestic cup competition.
The Andalucian club are now primed to qualify for the group stages of this season's Champions League after a 2-0 win over AEK Athens in the first leg of their third round qualifier.
Ramos has already won the club's first trophy of this season after a 6-3 win on aggregate over league champions Real Madrid.
He said: "We are in the middle of a great project with Sevilla and there is still work to do."
Meanwhile, Jol, 51, has led Spurs to fifth place in the Premier League in the past two campaigns, while going out in the last eight in the FA Cup to Chelsea and Sevilla in the Uefa Cup last season.
BBC Radio 5live football correspondent Jonathan Legard said: "It would seem to confirm his worst fears that he is living on borrowed time as Spurs manager, as if he didn't know that, after last night's board meeting."