However, he said a published report linking him to a possible ownership group including Wayne Gretzky and Brett Hull was news to him.
The Dallas Observer reported that according to sources, a group involving Modano, Gretzky and Hull is interested in buying the Stars.
"I haven't spoken to Gretzky about any possible ownership situation. I don't know anything about this," Modano said through the team.
Hull, currently the team's vice president, played for the Stars from 1998-2001 and is a former co-general manager of the club. Gretzky recently sold his minority share in the Phoenix Coyotes after the team filed for bankruptcy.
"Wayne gets investment opportunities presented to him every day, the Dallas Stars situation is no exception," Gretzky's business manager, Darren Blake, told ESPN.com's Pierre LeBrun via e-mail Monday. "Wayne has not had any dialogue with Mr. Hicks or the Stars organization."
Hicks Sports Group has hired an investment adviser to look at the possibility of selling majority stake in the Stars, which would include 50 percent of the American Airlines Center.
Tom Hicks said earlier this year that HSG would like to have the situation with the Stars completed by the end of the summer. HSG is in the process of selling the Texas Rangers to a group headed by Pittsburgh attorney Chuck Greenberg and Rangers president Nolan Ryan. Once that sale is completed, they'll turn their attention to the Stars in hopes of paying down debts.