A report in a Swiss newspaper claimed Low had met with Chelsea owner Roman Abramovich on Monday in a Geneva hotel to discuss the possibility of the 52-year-old replacing Andre Villas-Boas, who was sacked as manager on Sunday. The west London club denied any such meeting took place and Low declined to discuss the issue.
Low, who is in Geneva fulfilling a commercial obligation with German Football Federation sponsors Mercedes-Benz, said in remarks reported by German tabloid Bild: "I have a contract as national team coach until 2014. The European Championships start in three months and everyone knows my goal. I see no reason for me to comment on media speculation."
Tottenham boss Harry Redknapp and his Swansea counterpart Brendan Rodgers have also confirmed they would not be interested in succeeding Villas-Boas.
The Portuguese has been replaced by Roberto Di Matteo until the end of the season while the club seek out a full-time replacement.
Di Matteo on Monday named Eddie Newton as part of his short-term coaching set-up and the former Chelsea midfielder was delighted to have been handed the opportunity.
"I have come back and hopefully I can help Chelsea get to the position where we all believe they should be," he told Chelsea TV.
"Robbie told me just to help him as I have done before in previous years and we have a good working relationship and we are hoping that we can use that here.
"We want the same thing but we go different ways about it and that is how it works very well.
"It has been quite emotional coming back to Chelsea, as everyone knows I love the club, and I am looking forward to getting my teeth into everything."
Source: PA
Source: PA