The 26-year old Denmark international has been heavily linked with a move to Premier League returnees Hull City but he has made it clear that he is looking to help the Foxes achieve the same promotion next season.
"It's been a strange summer, coming to terms with what happened to the team at the end of last season and not getting much of a break due to internationals, but there has never been a thought in my mind that I wouldn't be coming back to Leicester," he told the club's official website.
"I've said many times before that I enjoy playing for this football club, I enjoy coming to work every day and I want to be successful here.
"You hear speculation of things you're supposed to have said or done like handing in transfer requests and it's just ridiculous. I've never said I wanted to leave Leicester.
"Like every professional, I want to play at the highest level, but I want to do that with Leicester and, with the players, management, staff and fans we have here, I know we can achieve that.
"It's a big season coming up for us now. We need to make sure we're focused on what we want to achieve and work harder than anyone else to make sure we achieve it."