"No, there is nothing in that," Coates told British media when asked about the reports.
"There are no plans to sell him either. He seems very settled with us and towards the end of the season he came back (from injury) and did well.
"We are settled with him, too, and are hoping to see a good season from him next season."
Shaqiri previously won three German titles with Bayern Munich before a seven-month stint at Inter Milan and joined Stoke in August 2015.
(Reporting by Aditi Prakash in Bengaluru; editing by Amlan Chakraborty)
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