The Leicester striker has been linked with a move to West Brom and Crystal Palace.
Reputed journalist Guillem Balague claimed on Twitter that the Premier League duo were keen on signing Ulloa after 11 goals in his debut Premier League season, following his move to the King Power Stadium last summer.
The Argentine striker, 28, impressed in the top flight, starting and ending the season in strong form, although he did struggle to find consistency throughout the middle of the campaign.
He created 36 chances, registering an impressive shot accuracy of 43%, winning 122 headers and 14 dribbles - frequently playing as a lone striker.
The interest from the Baggies and Palace is not a surprise, considering they are both looking to add strikers to their ranks this summer, but the latest Birmingham Mail report claims that Ulloa has no desire to leave Leicester.
This has all-but ruled out a move for the forward, who cost £8 million last summer, as he does not want to leave, and the Foxes will not push to sell a player vital to their survival in the top flight.