The England international is not heading to Paris in the summer.
The Mirror reported that the England international midfielder was wanted in a £50 million deal next summer as PSG look to freshen up their first-team squad.
Tottenham's Dele Alli celebrates scoring their second goal
At that sort of money, and with the wages likely to be offered, Alli would have surely struggled to say no to any potential interest from the French capital.
But, speaking to Sky Sports News, the England international has confirmed he is more than happy at White Hart Lane and is not interested in a move.
Tottenham's Dele Alli
"It's all just rumours to be honest with you.
"I have just signed a new contract with Tottenham, I am happy here. I couldn't think of a better place to be at my age.
"It has been a great year for me, I have had a lot of success in my career so far but I have got to keep improving, keep getting better, and make sure 2017 is even better."
Alli has been a sensation for Tottenham ever since making a move from MK Dons in 2015.
Tottenham's Dele Alli in action
Now a regular in the England squad and the scorer of last season’s Premier League goal of the Season it is no wonder he is catching the eye of potential suitors.
Despite his current poor form for Tottenham the midfielder is still one of the best young talents in the world and Spurs do not want to let him go.
So hearing that Alli wants to stay is certainly good news for Spurs.