Foda is the favourite to take charge of the national team as successor to Dietmar Constantini, who presided over Austria's failed Euro 2012 qualifying bid.
The media glare on Foda intensified following Tuesday's announcement that Constantini would leave with immediate effect rather than at the end of the year as originally stated, but the Sturm coach is adamant his focus has not wavered.
"There has been no conversation, there is no contract and no signature," he said.
"For me, only my work at Sturm matters."
The 45-year-old's stock rose markedly after guiding Sturm to the Austrian Bundesliga title last season, although their failure to reach the group stage of the Champions League and a slow start to the new league campaign has dampened spirits at the UPC-Arena.
A 3-1 aggregate loss to BATE Borisov in the Champions League play-offs was tempered by the consolation of a Europa League berth, and Foda views Thursday's Group L curtain-raiser as a chance to turn the corner.
"We are now excited for the Europa League, where we want to prove we can compete internationally," he said. "We are not among the 32 best teams in Europe, but to my mind we are among the top 60."
"We have to try and get the knockout phase behind us, and we need to score points in every game to qualify."
Foda hopes his players can bounce back from their 4-2 Bundesliga defeat to newly-promoted Admira on Saturday, which left Sturm six points off the pace of leaders Red Bull Salzburg.
He said: "We were not defensively organised or aggressive enough, but the game has been analysed and checked and I hope the team will learn from this."
While Sturm are coming off the back of a 4-2 loss, the reverse is true of Thursday's opponents Lokomotiv, who defeated Russian league leaders Zenit St Petersburg by the same scoreline at the weekend to extend their unbeaten domestic run to eight games.
And Foda knows to be wary of their capabilities.
"They are of good calibre," he said. "A fast, compact and athletic team, with three extremely dangerous strikers."
The visitors have injury problems to contend with, however, with midfielders Dmitry Tarasov, Dmitri Torbinski and Stanislav Ivanov all sidelined.
Sturm, meanwhile, will be without goalkeeper Christian Gratzei who twisted his knee in training this week, meaning Silvije Cavlina will deputise.
Roman Kienast, Matthias Koch and Jurgen Saumel also miss out through injury.