Spencer Wilton said he was on a "fun night out" with the glamour model, also known as Jordan, after the Badminton Horse Trials.
The former national dressage champion, 35, was photographed in the Syndicate club in Bristol on Friday night with Price.
It is believed the pictures were the final straw for Peter Andre, who is now filing for divorce.
But Spencer Wilton is in a stable relationship with fellow dressage rider Carl Hester, with whom he shares a home.
He told Horse and Hound magazine's website: "We were just out having a perfectly innocent, fun night out.
"A big group of us had all been at Badminton Horse Trials for the day and went out for dinner afterwards and then on to a club."
He said media outlets had been informed of his relationship status but had chosen to ignore it in order to portray him as 'the other man'.
"They know exactly who I am and have chosen to ignore that and the fact that I'm already in a happy relationship with a male partner," he said.
"My phone hasn't stopped with papers and magazines calling, but it's obviously a lot worse for Katie Price – I just really hope she and Peter are able to resolve their differences."
Mr Wilton and Mr Hester, a member of the British Dressage Team, live together in Gloucestershire.
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