Bunte, a German gossip weekly, declared in its latest edition that while the seven time world champion is very thin, he can now take a few steps with the help of a therapist.
And the report suggested that Schumacher, 46, is also now able to lift an arm.
When asked about this apparent progress, the former Ferrari and Mercedes driver’s manager Sabine Kehm said: “Unfortunately, a recent press report forces us to make clear that these assertions about Michael do not correspond to the facts.
“This speculation is irresponsible,” she told Bild newspaper, “because given the severity of his injuries, the protection of his privacy is very important to Michael.”
When confronted with Kehm’s denial, a spokesman for Bunte said the magazine stands by its information.