Speaking to the Official Club Website, Clegg said: "Connor signed a two year contract towards the end of last season and he is committed to Ipswich Town and we are committed to him.
"There has been some wild speculation out there over the last few weeks as to what his value is, especially after his performances for England at the U17 European Championship
"We can't stop the speculation but please don't believe everything you read in the newspapers. As I said, Connor has signed a two year contract and we're excited about him being an integral part of the squad for next season and going forward."