The Spanish striker has been linked with a return to his homeland after just one season in England.
But in an interview on his club's official website , the 28-year-old said: "I don't want to leave City. I'm very happy and very settled here.
"I had a difficult end to the season and that's why there has been a lot of talking, but I've been very happy here from the first day I arrived."
Spanish international Negredo enjoyed an impressive start to his career at City after joining from Seville from a reported fee of £20m in July last year.
He scored 23 goals in all competitions as City won the Premier League title and League Cup .
However, his form dipped in the second half of the season, with his last goals coming in the 3-0 League Cup win over West Ham on 21 January - a slump that cost him a place in Spain's World Cup squad for the tournament in Brazil.
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