He told The Sun: "I took it as a compliment that the big clubs were reported to be interested in me. Richards. It shows that you are doing something right.
"But I'm very happy at City. There has been a lot of talk about me signing a new contract but, for me, there is no rush. I still have nearly three years to go on my current deal and I'm not going anywhere.
"I'm still young, I'm still learning and City is the best place for that."
Richards hands a lot of credit to his new manager, ex-England chief Sven Goran Eriksson, for his continued progress.
He said: "The manager is really cool and collected. He is a thoroughly nice person, who treats everyone with respect and earns respect back because of that.
"You can see his effect by the fact we are third in the league."