After the striker was awarded the Marca Legend prize at a ceremony organised by the Spanish sports publication, the Frenchman was asked if he was staying at Real Madrid.
"Saturday I have a game (against Athletic Bilbao), tomorrow I have a training session... so at the moment I'm in Madrid," Benzema said.
The forward was then asked if he planned to address the Real fans about his future and said: "Why do I have to talk about the future? I am at Real Madrid. The reality is different, not what is said on the internet."
The Ballon d'Or winner looked set to stay in Madrid for another year after a season in which he struggled with injuries and missed out on France's World Cup squad in Qatar.
However, according to widespread media reports Benzema has been offered a deal worth more than 100 million euros by Saudi Arabia's Al-Ittihad.
His former Real team-mate Cristiano Ronaldo signed a 2-1/2 year contract, estimated by media to be worth more than 200 million euros, with Al-Nassr in December.