Reports in Scotland have suggested that Hearts' owner Vladimir Romanov had targeted McGhee.
"There was a time not so very long ago when I couldn't get my name linked with any job so if I'm associated with every one that comes up now then my attitude is 'so be it'," he said.
"Everyone should know the script where I'm concerned. I'm at Motherwell until the end of the season, no matter what.
"And I don't think all of the stories about me being wanted elsewhere have the slightest effect on the players at Fir Park. They know I'm staying here because I've been talking with some of them about renewing their contracts so that they stay with the club as well.
"It's not as if I actively put my name forward for this level of speculation. I didn't wake up one morning and decide I wanted to be considered for the Scotland job.
"What happened was Alex McLeish, the outgoing manager, put my name forward and Gordon Strachan, a good friend, supported my candidacy. Then the story grew its own momentum."