ESPN.com reported Bon Jovi and Falcons owner Arthur Blank were in talks about the New Jersey rocker buying a 15 percent interest in the team for $150 million, The Atlanta Journal-Constitution reported.
"The Falcons works under confidentiality agreements regarding discussions such as what was reported this morning," the team told the newspaper. "The club will have no further comment."
Bon Jovi owned the Arena football league's Philadelphia Soul from 2004 to 2009. Last month he attended the Falcons-Packers playoff game at the Georgia Dome, and he was photographed with former Falcon Warrick Dunn, who is a limited partner in the franchise.
Blank bought the team for $545 million in 2002 and he is given credit for making it a playoff contender.