Reports in the press have stated that new signing LeBron James would like Love to leave the Minnesota Timberwolves and partner him in Cleveland, but Blatt has quashed any talk that top Draft pick Wiggins could be used in a deal.
"Rumors are rumors. That's why they call them rumors," said Blatt, according to the NBA's official website.
"Sooner or later in one's career, you're going to have to deal with it. If he has to deal with it now, then so be it.
"It's summer league. He's learning everything as he goes along."