The agent confirmed that he has close ties to Inter and the Roberto Mancini is fond of the 22-yera-old full-back but that no formal offer has been made yet.
“Telles developed under Mancini it is no surprise that Manini wants him but no formal offer has been made,” Otto told Radyospor.
“I have good relations with the manager and we often meet but there is no deal on the table, there is nothing official.”
Telles was signed during the Mancini era at Galatasaray for €6 million in 2013 and he still has three years left on his contract.
The Sabah newspaper report that Galatasaray will not consider offers under €10 million for Telles.
Telles has however, established himself as a key first-team player and played an important role in Galatasaray winning the double last season. The Istanbul giants became the first Turkish side to win the league title for the 20th time and booked a place in the Champions League group stages for the fourth consecutive season.
The 22-year-old left-back provided a total of two goals and three assists in 56 games for the Lions last season.