But the port city's president Alberto Fabra said a month ago that he met with Bernie Ecclestone in London in late February, and agreed a deal to share with Barcelona in the future.
"The agreement is (now) awaiting the signature of the Catalan president Artur Mas," wrote El Mundo journalist Pedro Blasco at the time.
Circuit de Catalunya's Servia, however, played down the story.
"I've read a lot about it," Servia, whose son Oriol Servia is an Indycar driver, told France's Fan-F1 website.
"But for our part, we have never talked about alternating races between Barcelona and Valencia," he insisted.