Corinthians have claimed that they have received no bids for Paulinho.
Tottenham Hotspur are understood to be keen on signing the 24-year-old, who is currently on Confederations Cup duty with Brazil.
"So far we have not received any offers for Paulinho," Corinthians president Mario Gobbi Filho is quoted as saying by Eurosport.
Paulinho joined Corinthians from Bragantino in 2010.