The Italian told local media there was no substance behind rumours he was planning a raid for Ivory Coast talisman Drogba, who plays for Guangzhou's rivals Shanghai Shenhua.
"I know nothing about Didier Drogba's move," Lippi told Xinhua news agency. "I have never contacted him myself or via anybody since I took charge of Guangzhou."
The China Daily claimed Shenhua chairman Zhu Jun had blogged: "Somebody finally came to make a bid [for Drogba]."
Drogba has scored eight goals in 10 appearances since his shock move to China, while Guangzhou's summer signing Lucas Barrios has disappointed.
"I don't know how [the rumours] come," Lippi added.
"I am satisfied with my forwards. We already have Lucas, Muriqui, Cleo and Gao Lin, we don't need another Drogba."
"I am confident about the team," added the 64-year-old Lippi, who led Italy to the World Cup title in 2006. "I believe we can defend the title."
