On Saturday night, ESPN reported that Davis was prepared to pursue Gruden with a strong offer that could include an ownership stake in the team.
A contract including an ownership stake would have to be approved by NFL owners.
Gruden reacted with a chuckle when asked about the report.
"C'mon man, I'm out with my wife. This is crazy," Gruden told the Tribune in a telephone interview. "I was supposed to be going to Tampa last week. What have they got? I don't know.
“I’ve got nothing to report. I’m at an Outback Bowl event with my wife.”