Reports have recently linked Michu with the likes of Manchester United, Liverpool, Chelsea, Sunderland, Fulham and Everton.
Michu joined Rayo Vallecano in the summer from Celta Vigo.
“I am living a dream, I had such a negative situation in the summer being without a club,” said Michu.
“Then the deal arrived and I am now enjoying this moment, the project from Rayo was interesting and I am happy I made this choice.
“Rayo is a family. Our success has come not just from luck but from hard work.”
Michu added: “These rumours don’t damage me, but it is normal that I am happy with this news.
“But now my challenge is to keep Rayo in the Primera Liga.”
