Papic has failed to record a win in Leopards' opening four games of the season.
And with the club notorious for showing coaches the door at will, the Serbian's name has been bandied about as an option for their PSL neighbours.
Papic, however, says he has no intention of leaving his current employers.
"I have not been approached by anyone so I don’t see any reason why I should be even thinking about the Polokwane City job," Papic tells KickOff.com.
"I can only think of my job at Leopards. I know that you will say where there is fire there is always fire but in this case I don’t know where the fire is.
"However, you will never know what might happen tomorrow. I am not saying I will go there if I am approached but the truth is that in football you will never be too sure about your next destination.
"I also want to make it clear that so far I am happy here at Leopards because I have not had any problems whatsoever at the club.
"The only issue that I am stressing about is results because they have not been forthcoming though I am encouraged by the fact that we have been playing very well."
Brazilian fitness trainer Eduardo Langer Schoeler is temporarily in charge of City following Duncan Lechesa's exit.
Papic has been linked with the job along with Ian Palmer, Mark Harrison and Neil Tovey.