Reports in the media claimed that the veteran striker had signed a pre-contract with the fellow KwaZulu-Natal outfit.
However, Usuthu team manager Qedi Dlamini has revealed the club have spoken to the 35-year-old, who has denied signing a pre-contract.
“We have spoken to him, he has confirmed to us that he has not signed any pre-contract with anyone. Obviously Mabhuti is on a one-year contract," Dlamini told the club's official website.
“For us what we want to stress and warn our supporters about, is that at this time of the season there would be people looking to try and stop the progress of the club by inventing rumours out of thin air.
“The player has even spoken to us about possibilities that he may look to explore come end of season which entails the possibility of coaching.
“As far as playing contracts are concerned Mabhuti is an experienced player who is honest and doesn’t play hide and seek regarding his wishes,” said Dlamini.
Khenyeza also spoke about the issue, claiming he is still contracted with the Durban outfit.
“I am still contracted with the team. I will not deal with issues from behind, I’ll come straight and tell the team about my career,” said Khenyeza.