Xhaka, 26, has been touted to move to Inter Milan, who are now managed by a former Chelsea boss Antonio Conte.
There are claims that the Gunners would accept a €40million (£35.6m) bid for the Switzerland international.
However, the midfielder who joined Arsenal in 2016, has insisted he wants to stick with the Gunners.
“Not that I know,” Xhaka told Blick when asked if he wants to leave Arsenal. “I have another four years on my contract, I only signed last year.
“I’m happy there, my family too. That’s the most important.”