Derby County are on the hunt for a new manager following the dismissal of Paul Clement.
Moyes was installed as one of the bookies’ favourites to replace Paul Clement at the iPro Stadium, after he was spotted watching the Rams’ play Fulham before the former Real Madrid assistant was sacked.
However, Moyes insists that his attendance at Craven Cottage was simply a coincidence, and that he was not there to undermine Clement.
“I was in London last week, and I was doing some work, so I went to Fulham v Derby," Moyes said.
“Unfortunately Paul Clement lost his job on the Monday, and people but two and two together, but it was real coincidence."
Moyes is currently out of work, following his dismissal from Real Sociedad.
The Scot has not had a job in some time, and he has suggested that he would take a job in the Championship, if the right club came in for him.
“I wouldn’t rule it out [managing in the Championship], but my aim is to manage at the top level,” Moyes added.
Derby have placed Darren Wassall in charge of their first team until the end of the season, when they are expected to reassess their options.
Wassall's first match in charge ended in a 1-0 defeat against struggling Milton Keynes Dons at home last weekend.