The German centre-back is being heavily linked with a return to the Bundesliga after arriving in North London from Werder Bremen in August 2011 but he insists he is happy at the Emirates Stadium.
Wolfsburg sporting director Klaus Allofs recently said his club was extremely keen on Mertesacker but the 28-year old has played down that talk.
"Of course I noticed that (the comments made by Allofs). But I took it with a smile,” he told Sport Bild Plus.
"Everybody including my family keeps calling, and they ask: What's going on? Of course I've always had a good relationship with Klaus Allofs.
"No, I don't consider a return to Germany. I still intend to stay here in England at Arsenal for a while."