The Toulouse No.8 has been strongly linked with a move to the Aviva Premiership, with Saints listed among his potential suitors.
Bath have also been said to be interested in acquiring the services of the 29-year-old, who played in France’s World Cup quarter-final defeat to New Zealand last weekend.
But Picamoles, whose Toulouse deal runs until June 2016, insists he has yet to decide whether he will remain at his current club.
“There are a lot of things that are said now,” Picamoles told RMC Sport.
“Me, this week, I’m on vacation. I try first of all to digest this disappointment and end of the difficult World Cup.
“I will talk with my club, Stade Toulousain, next week.
“As for my future, I will meet my current president (Jean-René Bouscaltel) and (Fabien) Pelous (sporting director) next week. So until then, I will not do anything.
“Everything that can be said about it will only be as pure speculation for now, I have made no decision.
“I’ll make a decision quickly. But for now, I take my family and the holiday.
“Before taking any decision whatsoever, I will meet my leaders next week and make my decision.
“All that has been said before cannot be true, since for now there is no decision that has been taken. “