Marcello Lippi denies Real Madrid link
Lippi has been touted as a possible replacement for Jose Mourinho at the Bernabeu, with the Portuguese under increasing pressure following a poor start to the La Liga season that has seen the reigning champions fall 16 points adrift of leaders Barcelona.
However, while Lippi admits he is flattered to be linked to the Spanish giants, he says there is nothing in the speculation.
"Going to Real Madrid on (Zinedine) Zidane's advice? It's not true. It's not that I'm unhappy to be linked with an important club like Real, but there's nothing in it," he told Italian station Radio Kiss Kiss.
"I don't know what Zidane and (Madrid president) Florentino Perez have said, I've read stuff about it in the papers, but I have two more years on my contract with Guangzhou and I'm very happy in every aspect there.
"Nothing has happened, if they called me I would tell them the same, that I'm still under contract."
Mourinho, meanwhile, brushed aside questions about his Madrid future following his arrival in Dubai today for a football seminar.
He was quoted as telling journalists: "Now is not the time to talk about my future."