Insisting he has moved on from the former 'Girls Next Door' star, the Playboy mogul said that the interview with Los Angeles Confidential, which claimed that he wants Madison to move back into the mansion, was taken out of context.
He called her "the love of his life" in the magazine. "I have no idea where these crazy stories come from," Us magazine quoted Hef as saying in a statement. He added: "The idea that I'm pining over former girlfriend Holly Madison and would 'welcome her back with open arms' is pure fiction. It was invented by someone to create publicity.
"I'm in love with Crystal Harris and wouldn't trade her or the Shannon Twins for anyone in the past. Holly will always be welcome here at the mansion, but not as a girlfriend. I think she's happy now, and I know I am."
The octogenarian tycoon and Madison split up last October after seven years of dating.