The Bosnian, who has found chances hard to come by at the Etihad Stadium in recent months, has been linked with a number of teams across Europe, including Juventus.
However, Silvano Martina insists that the 26-year-old will be remaining with the Blues for now.
"At this time, Edin is fine at Manchester City and he has no plans to change team," Martina told tuttojuve.com. "Juventus do not fall into his plans. Currently this possibility does not exist.
"He will remain at City, 100%."
Dzeko joined City from Wolfsburg in January 2011 for £27m.