Lua-Lua, has barely featured in the Newcastle team in recent months and is looking for a move away from St James' Park, at least on a temporary basis.
Reports on TribalFootball indicated that the Royals were chasing the seemingly-elastic 22-year-old frontman but these appear to be wide of the mark.
"Speculation is coming from nowhere," Coppell explained to the official site.
"Somebody talked about Lua-Lua and I've never even made a phone call about that player or anything. It's a bit irritating when you have to deny something that doesn't even exist," added the Royals boss in a stormy tirade.
However, with injuries to strikers Shaun Goater and Darius Henderson the Royals are left with just Nicky Forster to play up front. Bas Savage and Nathan Tyson are the only other players in the squad who could possibly play second fiddle to the goalscoring ace.
Undoubtedly the Royals need new attacking blood yet rumours linking Coppell with a plunge into the transfer market for Lua-Lua, Dave Kitson or Leon McKenzie have been branded inaccurate.
However, Lua-Lua seems intent on breaking free from Bobby Robson's regime having got himself caught in the reserve-team trap.
The former Colchester United man, who has become increasingly disillusioned, explained: "It has got to the point where I wonder what I am doing here, playing reserve games.
"I am the captain of my country (the Democratic Republic of Congo) and it doesn't look good when people back home are starting to ask why I'm not playing for Newcastle.
"All you want is a run of four or five games to show what you can do - you need to be able to play."
Reading MAD will continue to bring you all the transfer latest as Steve Coppell looks to make his second plunge into the transfer market.
One thing is for sure though, the Royals will take to the field at Burnley tonight without any new additions to their squad so you can expect to see another make-shift forward line and the resumption of the successful Newman-Ingrimarsson defensive line-up.