Guardiola was coy over reports he will be offered a new contract after City's appeal over a two-year Champions League ban was upheld on Monday.
But the Spaniard has affirmed his commitment to the club and admits he would stay even if they played in the lower leagues.
Speaking ahead of Wednesday's clash with Bournemouth, the 49-year-old said: "My personal situation was clear. I said a month ago I would stay and it didn't matter if we were in the Champions League, or like a lot of people here in England suggested, League Two.
"I would have stayed here. About the future, we have an incredible four or five weeks ahead of us with the games against Arsenal and Madrid."