The Cobblers have not made an offer to 22-year-old former Arsenal winger Sanchez Watt.
A report in the East Anglian Daily Times earlier this month claimed Town had spoken to the left-sided attacker, who spent time on loan at Colchester United last season.
But the Chron has learned no offer has been made to Watt, a young player that played temporarily for Southend, Leeds, Sheffield Wednesday and Crawley Town before his Arsenal exit.
Northampton are in the market for a left-winger, with Ishmel Demontagnac the only option they currently have in that area.
Roy O’Donovan, who is yet to agree a new deal at the club, would be able to play there, and Alex Nicholls - who is not expected to regain full fitness until November - could also do a job.
But Watt, who has represented England at three youth international levels, is not on manager Aidy Boothroyd’s shopping list.