Xhaka had been linked with a return to the Bundesliga in order to join Bayern Munich, who are reportedly not put off by his slow start to life with Arsenal.
He was asked about these links whilst away with his national team and he said he had seen the links but hadn't heard anything.
He also said whilst speaking to Blick that he believes the Gunners will soon win a league title.
“I have read that too. But I have not heard anything.
“I am in an outstanding city, an outstanding club. The only thing that Arsenal has been missing is a league title.
“I believe that will change soon.”
Read the full article on eurosport.co.uk: Xhaka coy on transfer rumours - 'Maybe the day after tomorrow'