Berahino was one of the Barclays Premier League's star performers at the start of the season as he scored seven goals in the Baggies' first nine games and earned a call-up to the England squad in November.
The 21-year-old, however, started just one of Alan Irvine's last five matches in charge at the Hawthorns, prompting reports linking the striker with a move to Liverpool and Tottenham.
- SEE ALSO: Latest Liverpool transfer rumours
Press Association Sport understands Tottenham are not interested in signing Berahino and have no plans to make a bid for the forward in January while West Brom have ruled out a B£23million-move to Liverpool.
The club wrote via its official Twitter account:
Ok time to clear a few things up. One final time, this Berahino to @LFC story for £23m is and always has been an entire fabrication…
— West Bromwich Albion (@WBA) December 30, 2014
West Brom are currently looking for a new manager after Irvine was sacked on Monday with the club sitting 16th in league table.
Would Berahino be a good signing for Liverpool in January? Let us know your thoughts on the speculation in the comments section below.