Derby sacked Paul Clement as their head coach earlier this month, and placed academy director Darren Wassall in charge of the first team for the rest of the season.
When asked by The Times about the Rams’ managerial job, Pearson said: “Not heard anything at all.”
Pearson did a brilliant job at Leicester last season, as he kept the Foxes up in the Premier League.
The 52-year-old did not make a huge impact at Hull City, where he was in charge from June 2010 until November 2011, but his work at Leicester cannot be undermined.
Pearson is without a managerial job at the moment, but it does not look like that Derby are going to appoint anyone on a permanent basis before the end of the season.
Derby are just five points behind second-placed Burnley, and there is still a good chance that they could gain automatic promotion to the Premier League at the end of the season.