"If we got £15m for Saha, what would be the point?, We would have to buy someone else," he told the Evening Standard.
"I hope we are not a selling club. We need to build and bring in other good players.
"The way Saha is playing I would not be surprised if Liverpool and Manchester United have talked about him. But we have not had one offer.
"The chairman would let me decide if we were going to sell him but there is no chance."