The Brazilian goalkeeper admitted he could be ready to leave the Championship side in January.
“We will do our planning as we identify our needs,” vice-president Joao Paulo de Jesus Lopes told the Brazilian press.
“But for many reasons it’s silliness to say we will sign Julio Cesar. I ask myself if it’s a political attempt to unsettle [current goalkeeper] Rogerio Ceni or our board as we have a big affection for Rogerio.”
He added: “There is no chance we bring in Julio Cesar, just like there is no chance we bring other problems. When I say problems, I am referring to Fred and Vagner Love, who are not our targets.”
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Liverpool have unveiled their new home kit for next season, sticking with the hugely popular retro styling of the current shirt.
The reputation of the Premier League means it is the most popular and one of the most watched leagues in the world.