The Nerazzuri have slipped to seventh place in Serie A after a poor run of form and currently find themselves 14 points of league leaders, and city rivals, AC Milan.
A 1-0 defeat to Marseille on Wednesday night has left their dreams of landing their first Champions League since 2010 hanging in the balance.
However, the Italian manager, who spent four successful years with Inter between 2004 and 2008, has dismissed speculation linking him with a return to the Giuseppe Meazza, insisting he is focused on his project with Manchester City.
"If Moratti called me back and asked me to reconstruct Inter Milan, I would reply that I already made the reconstruction," he told Mediaset Premium.
"Inter also have the qualities to recover themselves. If they get a good result in the Champions League, they can return to how they were four or five weeks ago."
