Reports emerged over the weekend that Heskey, 38, would be leaving to take up a coaching role at an unnamed club.
Heskey, who only signed a year contract with Bolton in the Summer, seems set to see out the contract and end his playing career at the Macron at the end of the season.
Neil Lennon was quoted as saying:
'The intention is for Emile to see out his contract, I don't where the rumours have come from'.
'He (Heskey) was in training yesterday. We have talked about him going into coaching, but he feels like he can still offer something on the pitch'.
'There's plenty of time for Emile to go into coaching after this season.'
Asked whether it was a possibility Heskey would stay on as a coach for Bolton, Lennon stated:
'I don't see why not. It's something we'll look at towards the end of the season'.
So far this season Emile Heskey has made 11 appearances in all competitions, scoring no goals.