The 21-year-old was linked with a move to the Premier League during the summer until he signed a new contract with the Catalan club at the start of August.
Increasing his release clause to €25 million and extending his deal to the end of the 2017/18 season appears to have put off potential suitors for Tello for the moment.
The Sabadell-born player, who has played for his country at all youth levels, played 34 times for Barca last season but is likely to understudy Neymar following the Brazilian's recent arrival at the Nou Camp.
But despite the competition for places and the interest from overseas, Tello appears determined to prove himself at the La Liga champions.
"I always wanted to stay at Barca," he declared. "The coach has confidence in me, I am content there and ready to play a lot of minutes.
"I feel better than in previous years. I knew that Liverpool were interested in me, but I never planned to leave."