The Swiss midfielder has been linked with a return to former club Borussia Monchengladbach.
But Xhaka has no plans on leaving north London before his contract expires in two years.
"There are always rumours at the end of the season, that's for sure," the 28-year-old concurred in an interview with RP Online.
"But I still have a two-year contract in London and I am very happy with my family here."
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