Ramos was thought to be heading to Chelsea or Manchester United after talks over a new contract at the Bernabeu stalled this month.
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But speaking after Madrid's 4-1 win over Real Sociedad yesterday, Ramos told Gol TV: "I'm more relaxed than ever. I can't see myself playing in any other shirt."
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The news is a big blow to United and Chelsea, who were ready to place late bids for the centre-half before tomorrow's transfer deadline.
Spain international Ramos has played 30 games for club and country this season and has two years remaining on his current contract.
However, Madrid are unlikely to offer the 28-year-old an improved offer, meaning Chelsea and United could move again for the defender next summer.
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