Kidd, who worked as current Manchester United boss Alex Ferguson's assistant during Roy Keane's playing days at Old Trafford, is currently assistant to Portsmouth boss Paul Hart, who yesterday also denied that his right hand man was moving to Portman Road.
Speaking to the Official Club Website, Keane admitted: "I've not spoken to Kiddo for a few months now. It's just speculation. I've been linked with Kiddo for two or three years now and it's probably not going to go away.
"I've not made any decision on staff or players here yet. I'm very happy with Tony Loughlan here as coach. He's someone who I trust and the players have responded to him.
"The other staff here, Bryan (Klug) and Steve (Foley) have been a great help. I've not come here to make lots of changes. If I see something that I think can be improved I will make it but I have been impressed with everyone at the Club."
Click here for a basic profile on Town boss Roy Keane.