The former Argentina international is still enjoying life at the Vicente Caldron and says he would never make the cross-capital move to Real.
He told radio station Rock and Closs. "I would never coach Real Madrid because I'm sentimental about the old things.
"I must be mad but it lives in my heart what I feel for this football club.
"I have a contract until the end of the season and if you know me then you know I go on feelings.
"At the moment I feel good and I hope we can continue game by game, achieving what I've always wanted for Atletico.
"The credit goes to the players and we have taken advantage of the different characteristics they have."