The former Liverpool and Real Madrid boss was unable to keep the Magpies in the Premier League last season, but the Tyneside outfit have made a strong start in the Championship under his guidance this term.
Benitez has been linked with a move to West Ham United, but the Spaniard has dismissed the stories as paper talk.
He told the Newcastle Chronicle: "I have seen a lot of speculation in the newspapers about players and myself.
"I am really pleased, though, I'm happy we are doing well. When I decided to stay here it was because I wanted to do well and get promoted.
"I'm happy and proud that some clubs talk about me but at the moment I am really pleased with the way things are here."
Benitez has also dismissed reports that Jamaal Lascelles could leave the club.