The striker had been linked with a move to Wolves by the News Of The World on Sunday but Wolves CEO Jez Moxey told the Wolverhampton Express And Star:
Wolves chief executive Jez Moxey said: "There's nothing in it - I'm happy to say there's no truth in this.
"Mick has always thought of Leon Best as a good player but we have bought Stefan Maierhofer and we still have Chris Iwelumo to come back from injury, so we have two players covering the role that player can play.
"Given the player's contractual status, I would have thought he was more likely to allow his contract to run out and become a free agent."
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