Reports have linked the 33-year-old with a move to Inter Milan in recent days.
“I want to retire with Real Madrid,” he was quoted as saying by Marca.
“I have a contract until 2011 and I want to honour it. I have spoken to Valdano and it was a good conversation.”
Guti has not featured for Real since their 4-0 Copa del Rey first leg defeat against Alcorcon.
“I know that I have to work hard in order to play. This two week break has given me a good opportunity to do that,” he added.
