Douglas is happy at FC Twente and will not be moving to the Premier League, according to the defender's management group.
Centre-back Douglas, 24, has been linked with a summer switch to England, with Fulham and Newcastle both reportedly keen on his signature.
However, speaking to Dutch newspaper De Telegraaf, Rodrigo da Silveira, from MP9 Sports, has denied talk of a move to Fulham or anywhere else.
"We are not in London and won't go to London. We are with Douglas in Enschede and are not negotiating with Fulham," he said.
"On Thursday Douglas will play against Bursaspor. Douglas is very happy at FC Twente and wanted to remain there this season."
Brazil-born Douglas joined Twente from Joinville in 2007 and last year received his Dutch passport in a bid to break in to his adopted country`s national team.