(THIS WAS UPDATED MONDAY AFTERNOON WITH COMMENTS FROM DAVID KAHN)
Al Jefferson said his agent and Wolves boss David Kahn had a discussion in the last week in which he was reassured he won't be traded.
Yahoo! Sports on Sunday reported Indiana had turned down the Wolves' offer of Jefferson for Danny Granger.
Kahn met with agent Jeff Schwarz when he was in Minneapolis last week to visit Jefferson and Kevin Love. He represents both players.
"We had a talk about it last week," Jefferson said after this morning's shootaround. "He talked to us and let us know nothing like that was going on...He made me comfortable to know what I heard last night was rumors.
"It's part of the NBA life. It's not the first time my name has been attached to rumors before. It doesn't necessarily mean it's bad thing. I've been in this league long enough to know this time of year, every year, there's going to be trade rumors and stuff like that before the trade deadline. You're going to hear that. That's why it didn't bother me. You see stuff like this come on TV and coming out of the woodwork, that's why it went in one ear and went out the other."
Kahn called the report "totally without merit" and said he has "not made one offer involving any of our core players to other teams" and said he has decided to not do so until he and Kurt Rambis have had all of this season to evaluate the team.
"I have no desire, no wish to do anything with our core pieces this season," Kahn said. "In effect, our season did not start until Dec. 4 (when Love returned from a broken hand). We don't know who we are yet. You can make some terrible mistakes by making decisions too quickly."