Reports claim McGhee has already spoken to Hearts officials over a move but, after his side's impressive 2-0 win at Hibernian, he insisted he had no plans to leave Fir Park.
McGhee said: "What I have said is absolutely the truth. I will be here until something changes and that will require another club, if that's what's going to happen, to speak to Motherwell.
"And then there will still be a lot of discussion because we have reached Europe. I'm looking forward to that at the moment.
"I have got no plans but other people might be making plans so we will just have to wait and see.
"If someone does come in for me I am going to have to really think long and hard about it.
"I have moved before and it has ended up not being the right thing. So I will think twice about anything we do."