Emery insists they were never in the market this summer for a superstar signing.
He told Cadena Cope: "This year we have not signed elite level players.
"I am very happy with my staff and the project is consolidated based on the next game, not by buying at this level. In addition, the team is poised to become one of the biggest in Europe. Nasser Al- Khelaifi, is very approachable, you can discuss football with him."
Emery also spoke of Ronaldo and his fitness problems.
"Cristiano Ronaldo has been at the top for years. He is a physical marvel, and with quality. But I read that he wants to stay in Madrid."
Asked if Real had been in touch with him, Emery added: "They've never made an offer to me."