The Togo international has enjoyed a fine campaign at the spearhead of the Gunners attack - even if his impressive personal haul of 30 goals so far was not able to secure any silverware for the Gunners.
However, it had been claimed the 24-year-old - signed from Monaco in January 2006 - was ready to follow Mathieu Flamini, who has agreed to join AC Milan on a free transfer, out of Emirates Stadium unless he was handed a new bumper pay deal.
Adebayor, though, has vehemently denied the reports and pledged his allegiance to Arsene Wenger's men.
"I am very happy here. Reports which suggest I have threatened to quit are rubbish," he said in a statement.
"I love the club and the fans.
"We have a great set of players here with a fantastic team spirit.
"We have had a good season, but next year we want to go one better by winning a trophy."