Graham has been strongly linked with a switch to Sunderland, with it reported that he is eager to return to his roots in the North East.
One bid has been lodged, but the terms on offer did not appeal to the Swans and the striker remains at the Liberty Stadium.
Laudrup says there is every chance that Graham will see out the window in south Wales, with the player yet to inform him that he is looking for a move.
He said: "If he comes and says he wants to leave and there's a very good offer we'll have to look into it.
"It could easily happen that we have exactly the same squad in February as we have now."
Laudrup added: "We have had some offers for him
"When there is a bid and if that bid is not even close to what the club wants, then there's nothing to do, even if the player wants to leave, he has to stay.
"I haven't read anything official or in any newspaper or on television where Danny has said he wants to leave, that means he must want to stay and probably he will."