The Montenegro international is reportedly keen on a move away from the Viola.
Napoli and Inter Milan are reportedly among the clubs interested in signing the 22-year-old.
“There are no negotiations with Napoli regarding Jovetic,” Teotino told reporters. “Stevan is a Fiorentina player and he will stay with us.
“But if he wants to leave, then let’s make it clear that we do not want to hold anyone against their will.
“If he believes in this team, then he can wear the club’s shirt for a long time. If he does not, then he will not be missed.
“In any case, it is important that there is an offer which matches his value.”