Zenit see the Italian as the man to replace Luciano Spalletti under whom the club are third behind CSKA Moscow in the domestic league table.
Mancini insisted he did not fear the axe if he failed to defend the Premier League title and lose it to their cross-city neighbours United.
He signed a five-year deal to stay in the Etihad Stadium hotseat last summer after delivering City's first league title in 44 years.
"It is cold here I think St Petersburg is (colder)?" he said. "It is absolutely not true."
Mancini also rejected the theory of Arsenal manager Arsene Wenger that a lack of English representation in the Champions League quarter-finals for the first time since 1996 was a massive "wake-up call" for the Premier League.
"Last year Chelsea won it and this year English football has three teams in the quarter-finals of the Europa
Source: http://network.yardbarker.com/soccer/article_external/mancini_denies_zenit_talks/13149280
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