Penrith coach Anthony Griffin has allayed concerns Tyrone Peachey could be headed to Gold Coast, declaring the versatile star is key to the Panthers' upcoming season.

Peachey has recently been linked with a move to the Titans despite having a further two years left on an extension announced back in 2016.

Hold up: Tyrone Peachey (centre) has a way to go at the Panthers if coach Anthony Griffin has his way. Credit:AAP

The 26-year-old's management is reported to have already initiated talks with the Titans, who will this year be coached by former Panthers assistant mentor Garth Brennan.

Brennan this week denied the club had held talks with Peachey, citing contract rules that prevent clubs from negotiating with players who have more than one year left on their deal.