Both reports claimed that Sane would be ruled out for several months, and suggested that Bayern may now pull back from making a bid for Sane.
Guardiola added when quizzed on the Bayern speculation: "I didn't think he was leaving". He played all of pre-season and in the Community Shield Final, he played.
"He is young and hopefully he will recover well. All the people will help him, he will feel alone and we help him to feel as comfortable as possible".
Sane is a Manchester City star playing for the English club since August 2016.
Officially Manchester City are still assessing the extent of the injury suffered by the Germany worldwide.
Dozens killed as fuel tanker explodes in Tanzania
Firefighters fro Tanzania People's Defence Force (TPDF) and Fire Brigade have since been carrying out a rescue operation. Residents are routinely killed by explosions while stealing fuel from incapacitated tankers in East Africa.
Russians rush to buy iodine after blast causes radiation spike
On Tuesday, one person was killed and eight others were injured in a blaze at an ammunition dump in Siberia. The explosion was the second major incident to hit the military in Russian Federation this week.
Manchester City transfer Cancelo, Juventus sign Danilo
The Brazilian defender joined City in the summer of 2017 and played a key role in the unprecedented success that followed. His best years are ahead of him, he's technically proficient and has the physical attributes we desire".
"Leroy will have surgery in the coming week".
It's not only a huge blow for Niko Kovac but also Pep Guardiola, who's now without one of his key players ahead of the new Premier League season.
Sane has been offered a new contract at the Etihad Stadium but has not yet signed.
City kick off their league campaign against West Ham United on Saturday.
Reports in the German media claim that Sane will be ruled out for several months, which could end interest in the German global from Bayern Munich.