The Denmark international striker is happy on Tyneside and laughed at any suggestion of a return to Ibrox.
Peter Lovenkrands: "Yes I've heard the interest, but I think it is nothing more than rumour.
"If an offer was made it could change things, but Alan Pardew says he wants me here.
"I loved my time at Ibrox, but I am happy here at Newcastle and my only concern at the moment is getting a run in the team.