The magazine quotes a Russian coach, who spoke to the magazine on the condition of anonymity about the "proposed barter" between the two countries.
According to the magazine, the anonymous official said the U.S. has agreed to help Russia win the pairs figure skating and team events.
In exchange, Russia would purportedly ensure Meryl Davis and Charlie White of the U.S. win gold over Canadian champions Tessa Virtue and Scott Moir.
But Mike Slipchuk, Skate Canada's high performance director, says he's confident the judging will be fair.
"I stay clear of that stuff," he said. "I have full confidence that [when] the skaters go out and do their job, they will do their job on the ice, [and] the judges will judge it as they see it."
This is not the first judging controversy to hit the Olympics.
In 2002, Canadian figure skaters Jamie Sale and David Pelletier placed second behind Russian pair Yelene Berezhnaya and Anton Sikharulidze, despite a stumble during the Russians` performance.
A French judge later admitted she planned to vote for the Russians regardless of how they performed.
Sale and Pelletier, who initially took home silver, were eventually awarded a second gold medal in the event.
The sport's entire scoring system was overhauled on the heels of the scandal. The old 6.0 scoring system was replaced in 2004 to make the scoring more objective.
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