Reports have suggested that United will not offer Neville a new deal and that the 34-year-old will retire at the end of the season.
“There has not been a decision about Gary Neville,” said Ferguson.
“We why make a decision about his future when we don’t need to? You don’t make decisions like that in the middle of the season.
“It is a load of nonsense.”
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Since Guus Hiddink arrived at the helm, Chelsea have improved considerably after a tricky start to the campaign.
Newcastle United are staring down the barrel of relegation to the Championship for the second time in the past eight years.