The IOC says no decision has been made despite the reports that the Tokyo games had been cancelled.
Japanese government officials gave also dismissed reports that they want to cancel the postponed event.
IOC President John Coates said there has been no discussion of cancellation.
"Last night I had my weekly meeting with CEO Toshiro Muto going through accommodation details, ticket refunds for those that want them, the normal stuff," Coates said.
"I had a catch-up outside of our formal meetings with president Mori and he said to me, 'We are preparing for worst-case possibilities and counter measures for delivering the Games … we won't know until March or April or May how many spectators we can have'."
Tokyo has reported more than 1,000 Covid-19 infections for nine straight days.
The IOC has already said a further postponement is out of the question.