Sarandon had been linked to Jonathan Bricklin, her associate at New York ping pong club Spin, Access Hollywood reports.
However, in a statement the actress's representative denied the speculation.
"The rumours are absolutely untrue," the spokesperson said. "Susan's relationship with Jonathan Bricklin is strictly a business one."
Last week, Sarandon confirmed that she has split up with her long-term partner Tim Robbins.