Both Orta and new head coach Thomas Christiansen were pressed on the speculation as the Spaniard was unveiled in front of the media, and Orta has claimed that it will be the "best solution" for the New Zealand international to stay at the club.
He told reporters: "At the end we all want the same thing which is promotion back to the Premier League.
"Nobody can say 100% what players will do. Chris Wood is really happy with the new manager and really happy with the club. It is the best situation for Chris Wood to stay at this club."
Wood netted 27 goals from 44 appearances at the second tier this season.