The R’s have dropped back down to the Championship after a disastrous season in the top flight but Redknapp, who took the reins at Loftus Road from Mark Hughes in November, is not about to jump ship.
"I signed a contract here with the owner and everybody else, and they couldn't be nicer people," Redknapp told Sky Sports News. "It's not entered my mind to leave.
"I concentrated on trying to keep the team in the division, but it's not been possible and we've fallen a bit short.
"We'll try again next year to get back in the Premier League which is where we want to be."
He added: "It's going to be tough. There are a lot of good teams in that league.
"There are some great clubs in there from top to bottom with great tradition. They are big clubs, great stadiums and they all want to be back in the Premier League.
"It won't be easy, but that's where we are next year and we've got to do our best to get out of it."