Knox and former Wildcats Bam Adebayo and Nerlens Noel were mentioned in Friday's Yahoo! Sports report. The school said in a statement Saturday it reviewed the matter and determined there were no issues or violations "based on the available information."
Kentucky added that it will continue working with the NCAA and Southeastern Conference.
Knox is Kentucky's leading scorer, averaging 15.4 points per game. Coach John Calipari said Friday the forward would play in Saturday's SEC game against Missouri.