Shearer rules out Italy switch
Media reports in Italy stated the former England captain was virtually signed and sealed, however the 33-year-old has denied this is the case.
Although the move seemed unlikely, Genoa president Enrico Preziosi was believed to have lined-up a lucrative three-year deal for the experienced hit-man.
Shearer did admit he may consider a move abroad, but that would only come to fruition should he be informed by manager Sir Bobby Robson that he was no longer in his plans.
"I have been made aware today of Italian press reports which say I have been in talks with Genoa. This is completely untrue," explained Shearer.
"I have just one year left as a footballer and the only target on my mind is to help Newcastle finally win some silverware as a thank you to the best supporters in the world.
"The only way I would consider anything other than this is if Sir Bobby Robson told me that I was not to be a first-team regular next season."