The Shakhtar Donetsk attacker had been thought to be pushing for a high-profile summer switch, with interest from Chelsea and Liverpool.
However, the £12million-rated Armenia captain claims his words have been twisted and he has no intention of leaving the Ukrainian champions.
"I'm a player of Shakhtar and I have a contract until 2015," he said.
"I answered a question in a playful way. I have misunderstood or someone has misinterpreted my words."