Elano said: “I do not have any news, I have not received any offers.
“Santos is a club which is in my heart but it is not easy to decide to return to Brazil.”
Elano is one of a number of players linked with moves away from Man City as they continue their spending spree.
They have already acquired attackers Carlos Tevez, Roque Santa Cruz and Emmanuel Adebayor and Elano looks set to move in order to guarantee first team football.
