It had been reported that Spurs were preparing a £7m move for Herrman, but the winger has revealed that he is unaware of solid interest from the Premier League.
"I have heard about that. I read papers. Of course, those sums are somewhat flattering. You don't have to overrate it. My agents did not tell me anything about it. That's just rumours," the 21-year-old told Rheinische Press.
"I am happy about the praise. But why should I leave now? I feel great here. And the last season was great fun, we played beautiful football. We want to return to that now and are on the right path."
Herrmann has two years remaining on his current contract.