The fullback says he is settled in north London and hopeful of extending his playing career for several years to come.
The Spaniard, who turns 33 in February, said: “At the moment we are talking with the club. I've always said I am really happy, I feel very happy playing for Arsenal. I came six years ago. I have a good relationship with them.
"We are in contact in any moment so don't worry about that. I am happy here.
"That is the most important thing."