Handanovic has been linked with Barcelona in recent weeks but Branca says they have not received any bids so far.
Speaking to Italian website Libero, Branca said: "Offers for Handanovic? He is one of the best goalkeepers in Europe, but there was nothing concrete. I know very well Andoni Zubizaretta (Barcelona sports director) and we have never talked about any negotiations."
Meanwhile, Corinthians midfielder Paulinho continues to be linked with Inter Milan but Branca insists that players must leave the club first.
Branca added: "He is a player we are interested in, but first we need to reduce the squad."
Paulinho is half-owned by Audax and Thiago Scuro, the executive director of the club, spoke to UOL about the possibility of selling him.
Scuro said: "Of course that as the owner of 50% of his rights and considering he doesn't play for Audax, we will not turn down any good offer, but we agreed with Corinthians that any negotiations will be focused on them.
"Our interest is that Paulinho's wishes are respected."