An email was sent out to Edinburgh-based students on Thursday to say the person was undergoing tests as a 'precautionary measure.'
But the university has now confirmed that the man tested negative for the deadly virus and is in fact well.
Ann Marie Dalton-Pillay, secretary of the University, said: “I am pleased to confirm a member of our University community has been confirmed negative for COVID-19 (coronavirus) and is now considered to be well. We are unaware of any other cases.
"Our University continues to operate as normal, across all campuses, and the health and wellbeing of our students and staff remains our utmost priority.
"I want to take this opportunity to thank everyone at our Edinburgh Campus for their cooperation and understanding."
On Friday, Queen Margaret University also confirmed that a person in their community tested negative for coronavirus after an email went out to staff and students two days before warning that this person had developed 'flu-like symptoms.'
The person was told to stay at home for two weeks as a 'precautionary measure' after returning from Thailand.
However, an email from University secretary Irene Hynd - seen by the Evening News - allayed the concerns by stating the individual did not have coronavirus.
Statistics published by the Scottish Government earlier this week show more than 80 people in Scotland have been tested and all returned negative results.
Labs have been set up at Glasgow Royal Infirmary and the Royal Infirmary of Edinburgh to test patients in Scotland.