Coventry City Chairman Ray Ranson said: "There is nothing in it. "Why would we loan out a player of his quality?"
Mifsud scored a brace at Old Trafford last season in the Carling Cup which knocked the Premier League club out of the competition. Mifsud were on the hinges of signing for Bristol City this season.
Meanwhile Michael Brown has been loaded with rumours on him coming back to Sheffield. 'The Lord' is on the verge of signing on loan for the Blades while Adam Johnson of Middlesbrough is also another rumoured transfer target.