West Ham United CEO Scott Duxbury said: "West Ham United have absolutely no intention of selling Craig Bellamy. He is under contract and is committed to the club. Craig remains a very important part of our plans for the future.
"The club is being run on sound football and business principles in order to develop a squad which can deliver success this season. No player would be bought or sold unless that helped to achieve that aim.
"We are not interested in selling players who are committed to the club and essential to our first-team squad.
"If a player refuses to sign a new contract or is not crucial to the manager's plans then we will look at offers on a case by case basis. It is the only sensible way to build for the future.
"We have invested in players this summer identified by the manager who add to the quality of the squad and we will continue to do so as and when appropriate."