Arbeloa has been linked with a move back to La Liga in recent weeks.
“I don’t know where all the speculation that I am not happy has come from but it is miles from the truth,” Arbeloa insisted to the Daily Star Sunday.
“I am at a massive club. I have played in a European Cup semi-final and a final too since I came here. I also broke into the national team through my displays for Liverpool.
“There is competition for places here just the same as there is at any big club. But I know if I play well, play to a really high level, then the manager has confidence in me and will play me in his team.
“I have played anywhere the manager has asked me to play and I will do the same again this season.”