Recent reports have claimed Italian side Fiorentina were interested in signing the former Everton man.
Arteta's agent dismissed the speculation and now the Spaniard himself has rubbished the talk, insisting he is happy with life at Arsenal
“I can’t stop the rumours, but what I am certain is that I’m really happy here, I feel valued, I have been given a lot of responsibility and I like it," said Arteta.
"Until they think something different about me, I’m happy.
“I had a conversation with the manager. He knows my opinion and we’re fine."
Arteta also hailed the signing of Alexis Sanchez from Barcelona feeling it shows a real signal of intent from Arsenal ahead of the new season.
"He's the type of player we were looking for," added Arteta.
"At some stage [last season] we didn't have that pace up front with the injuries we had, but this year we will. We will be a threat in behind teams and he'll give us another option.
"He's a character, too. He's a fighter and very ambitious. I think he's the type of player that the Arsenal fans will really like.
"It is a very good statement to show where we are going. I think we are going in the right direction, the club is ambitious, the directors are ambitious and we are going to fight for big aims."