The FBI is reportedly looking into Donald Trump's former campaign manager's alleged ties to Russia

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The FBI is reportedly looking into potential ties Donald Trump's former campaign manager may have had with Russia.

The inquiry apparently stems from alleged foreign business connections Manafort may have had with Russian entities, according to a report published by NBC News on Monday evening.

Paul Manafort, who served as Trump's campaign manager for several months before parting ways with the Republican presidential nominee in August, denied he had any business relationship with the Kremlin, telling NBC that "none of it is true."

See images of Trump's former campaign manager through the years:

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Trump's former campaign manager Paul Manafort through the years
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Trump's former campaign manager Paul Manafort through the years
Republican presidential nominee Donald Trump gives a thumbs up as his campaign manager Paul Manafort (C) and daughter Ivanka (R) look on during Trump's walk through at the Republican National Convention in Cleveland, U.S., July 21, 2016. REUTERS/Rick Wilking
U.S. Republican presidential candidate Donald Trump's campaign chair and convention manager Paul Manafort speaks at a press conference at the Republican Convention in Cleveland, U.S., July 19, 2016. REUTERS/Carlo Allegri
U.S. Republican presidential candidate Donald Trump's campaign chair and convention manager Paul Manafort appears at a press conference at the Republican Convention in Cleveland, U.S., July 19, 2016. REUTERS/Carlo Allegri
Republican U.S. presidential candidate Donald Trump's campaign manager Paul Manafort talks to the media from the Trump family box on the floor of the Republican National Convention in Cleveland, Ohio, U.S. July 18, 2016. REUTERS/Jonathan Ernst
Paul Manafort, senior advisor to Republican U.S. presidential candidate Donald Trump, smiles as he talks with other Trump campaign staff after Trump spoke to supporters following the results of the Indiana state primary, at Trump Tower in Manhattan, New York, U.S., May 3, 2016. REUTERS/Lucas Jackson
U.S. presidential candidate Donald Trump's senior campaign adviser Paul Manafort (L) walks into a reception with former Republican presidential candidate Dr. Ben Carson, at the Republican National Committee Spring Meeting at the Diplomat Resort in Hollywood, Florida, April 21, 2016. REUTERS/Joe Skipper
CLEVELAND, OH - JULY 21: Trump campaign manager Paul Manafort listens to Ivanka Trump speak at the Republican National Convention in Cleveland on July 21, 2016. (Photo by Michael Robinson Chavez/The Washington Post via Getty Images)
UNITED STATES - JULY 20: A man with a security credential takes a selfie at the podium as Donald Trump, flanked by campaign manager Paul Manafort and daughter Ivanka, checks the podium early Thursday afternoon in preparation for accepting the GOP nomination to be President at the 2016 Republican National Convention in Cleveland, Ohio on Wednesday July 20, 2016. (Photo By Bill Clark/CQ Roll Call)
UNITED STATES - JULY 19: Paul Manafort, advisor to Donald Trump, is seen on the floor of the Quicken Loans Arena at the Republican National Convention in Cleveland, Ohio, July 19, 2016. (Photo By Tom Williams/CQ Roll Call)
MEET THE PRESS -- Pictured: (l-r) Paul Manafort., Convention Manager, Trump Campaign, appears on 'Meet the Press' in Washington, D.C., Sunday April 10, 2016. (Photo by: William B. Plowman/NBC/NBC NewsWire via Getty Images)
NA.R.DoleMicCk1.081596.RG.Republican presidential candidate Bob Dole looks up from podium at balloons and television cameras as convention center manager Paul Manafort, at right, points out preparations for tonight's acceptance speech in San Diego, 08/15/96. (Photo by Robert Gauthier/Los Angeles Times via Getty Images)
WASHINGTON, DC - MARCH 21: Paul Manafort, Roger Stone and Lee Atwater, young Republicans political operatives who have set up lobbying firms. (Photo by Harry Naltchayan/The Washington Post via Getty Images)
Paul Manafort, a Republican consultant with ties to Presidents Bush and Reagan, told the House Government Operations subcommittee Oct. 2,1989, that he "played by the rules' in obtaining multimillion-dollar federal housing subsidies. (AP photo/stf)
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"There's no investigation going on by the FBI that I'm aware of," he said.

Current Trump campaign manager Kellyanne Conway, asked about the report on MSNBC Monday night, referred to Manafort's comments.

The New York Times reported in August that a pro-Russian political party in Ukraine advised by Manafort designated $12.7 million in undisclosed cash payments for him between 2007-12. It is unclear what exactly the series of 22 payments designated for Manafort were for.

The FBI's inquiry raises questions about the possibly that Russia may be attempting to influence the US presidential election. Those concerns have been amplified by Trump's foreign policy rhetoric that some observers say is curiously favorable to Russia and its president, Vladimir Putin. The US intelligence community has accused the Russian government of being behind hacks of Democratic Party organizations this year.

The FBI's inquiry has not yet developed into a full-fledged criminal investigation, NBC News said, and it was unclear whether or not that would happen.

News of the inquiry comes as FBI Director James Comey is being jostled by both Republican and Democratic leaders over his handling of the investigation into Hillary Clinton's private email server from her time as secretary of state. The FBI's move to rekindle that investigation was largely seen as potentially damaging to the Democratic nominee's White House bid.

Clinton on Monday apologized for her use of the private server, as she has done before, and claimed the FBI had "no case" against her.

Natasha Bertrand contributed reporting.

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