Friedel spent almost eight years at Ewood Park earlier in his career and the Championship club are rumoured to be keen to offer the 41-year-old a player/coach role.
Andre Villas-Boas wants to retain the American at White Hart Lane and Friedel insists he is in no hurry to leave the Premier League club.
"I cannot answer questions (about a potential January move)," Friedel said. "It's all hypothetical. Right now I am a Tottenham player and I am very happy here.
"I have no idea (about Blackburn's interest). When I was apparently contemplating doing a medical I was at home having Thanksgiving dinner with my family.
"What happens between club and club a lot of times players don't know. At the end of the day I am contracted to Tottenham and am concentrating on Tottenham."
Summer signing Hugo Lloris appears to have usurped Friedel as Spurs' No.1 in recent weeks, but the former Liverpool keeper is happy to have competition for a starting spot.
He added: "There is no rivalry with Hugo, but do I thrive on competition? Absolutely. I wouldn't be playing at the age of 41 if I didn't.
"At every club I have been at for the last 21 seasons there has been competition for places.
"When I signed it was a two-year contract. I figured I would play last year. This year was unknown. They have been on the look-out for a long-term number one goalkeeper for a couple of years.
"This club wants to be in the Champions League. They want to be there every single year and they want to be trying to win trophies all the time so they continuously have to buy good players in every position."
Don't miss any live and exclusive football coverage this festive season. Click here to visit Sky Sports' Festive Calendar