The Spain international has been linked with a return to his home country, with Atletico Madrid believed to be prepared to launch a bid for him.
Atletico coach Diego Simeone has not denied that his side were interested in Cazorla, who joined the Gunners last summer from Malaga for £15million, commenting last week that "anything is possible" when asked about the midfielder.
However, the 28-year-old, who is enjoying the final days of his extended summer holiday before joining up with his club for pre-season training, has reaffirmed his commitment to Arsene Wenger's side.
He told reporters: "There has been a lot of speculation about a move to Atletico Madrid but I'm very happy at Arsenal, I have a contract there and I start training on Monday.
"Perhaps I will return to Spain one day, but right now it's very unlikely," he added.