Ferguson elected not to fuel rumours surrounding Zaha or Chelsea duo Frank Lampard and Ashley Cole, all of which have been aired this week, during his press conference prior to Sunday's Barclays Premier League match against Liverpool.
"There is nothing to report," said the Scot.
"It is January for goodness sake and you (the media) are all getting desperate for a story. But there is no story to tell you."
However, it seems the interest in Zaha is genuine, even if no announcement is imminent.
It is understood that should the transfer take place then 20-year-old winger Zaha would remain with current club Crystal Palace for the remainder of the season before formally arriving at United in the summer, in a similar arrangement to the one agreed when United signed Chris Smalling from Fulham in 2010.
That part of the deal is sure to appeal to Palace, who are fighting to earn promotion back to the Premier League for the first time since 2005, and possibly explains why United have emerged above Arsenal and Tottenham as such strong favourites to secure Zaha's services over past few days.
Zaha, who won his first England cap during the November friendly against Sweden, would also fit the general template United have worked to until the arrival of Robin van Persie, namely investing in younger players and helping them through the final stages of their development, as they did so successfully with Cristiano Ronaldo and Wayne Rooney to name but two.
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