The Spaniard recently fuelled speculation that he could sign for La Liga champions Atletico Madrid when he claimed last month that he would think about his future once the World Cup in Brazil was over.
After holders Spain went crashing out of the tournament at the group stage, it appears that Cazorla has opted to stay with the Gunners for the remainder of his contract.
Cazorla told ESPN: "I'm very happy at Arsenal, I've got two more years here on my contract. Arsenal is great for me. I'm happy to be here at the moment and focus on that."