Guardiola was quoted by the Telegraph speaking about his future: "I have two more years here [at City] and I'm not going anywhere unless they sack me. I am not going to Juventus for the next two seasons".
Giornale reporter Luigi Guelpa believes Guardiola has been offered a four-year deal at the Old Lady.
Guardiola's Manchester City are top of the Premier League, having dominated the title race last term.
Guardiola was brought to Manchester to help turn City into a dominant European force and it is easy to see why Juventus would be interested as the Italians prepare for Allegri's expected departure.
Reports in Italy on Friday claimed Guardiola had agreed a deal to replace Max Allegri at Juventus in the summer.
Similarly, a "verbal agreement" wouldn't impact his position at City until the end of the current season.
Watford remains on course for their best-ever top flight finish, while City ended a hard week, which saw various football bodies, including the Premier League, UEFA and FIFA, open investigations into their player recruitment processes and financial affairs.
City could face Champions League disqualification and a transfer ban if found guilty. The Catalan has offered his backing to the club's hierarchy amid a series of allegations regarding financial wrongdoing.
Despite winning three Premier League titles since Sheikh Mansour's 2008 takeover and being on course for a fourth, a Champions League title remains elusive.
"I am sorry if (the first goal) is offside but we deserve to win", City coach Pep Guardiola, who praised his side's perseverance, said after the game.
The Telegraph's report claims the club's owners would like Guardiola to stay at the club for a decade and create a dynasty in Manchester.
Guardiola said: "I think a week ago we didn't expect PSG would happen, or Real Madrid".