The celebrity website TMZ.com had reported the performer of such tracks as "Crank That (Soulja Boy)" and "Kiss Me Thru The Phone" bought the jet as a birthday present for himself. Soulja Boy turned 21 on Thursday.
"The elaborate rumors circulating about Soulja Boy purchasing a jet for his 21st birthday are grossly over exaggerated and are not true," spokesman Greg Miller said in a statement.
Soulja Boy, whose given name is DeAndre Cortez Way, recently borrowed a billionaire's private jet, but he has no immediate plans to buy one, said one source near the rapper.
The identity of the actual jet owner was not clear.
The Web savvy Soulja Boy first gained fame with online postings of his songs and his "Crank That" dance demonstration. He plans to celebrate his 21st birthday at a star-studded party in a Miami nightclub on Friday night.
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