Liverpool boss Rafa Benitez refused to be drawn on his interest in Gareth Barry, but revealed he wants to keep Peter Crouch at Anfield.
O'Neill claims the offer was a 'mish-mash of nameless player exchanges' with reports suggesting Liverpool could be prepared to offer former Villa man Crouch in an attempt to persuade Villa to do business.
"I read about a lot of names and different players in the press. I also read about my own players, but we do not have any comment. We continue working and that is it," Benitez told Sky Sports News.
"Yes it could be the case [that some players leave]. But you never know in football, but clearly we have some good players and to finish in the top four in the league and Champions League means we have good players and maybe other clubs will be interested in our players.
"We offered to him [Crouch] a new contract, so he has the idea and now it is just speculation. We want to keep him."