City are said to be in talks with Juve over a deal for the wing-back.
But Giuntoli told DAZN: “There is no negotiation at the moment, we want to create a new market to solve the problems we had due to the long-term injuries we had.”
On whether Cambiaso will leave if a crazy offer comes, he added: “It hasn't arrived yet. If it comes, we will think about it.”
Asked about the signing of PSG striker Randal Kolo Muani, Giuntoli said: “We had a bureaucratic misunderstanding, but that will be resolved during the week. We are calm.”
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