It had been claimed that the Spanish giants were open to selling the Frenchman following reported interest from Arsenal, which may have triggered a late move for Liverpool striker Luis Suarez.
However, Djaziri has quashed any speculation by telling BBC Sport: "Nothing has changed. Karim isn't joining Arsenal or anybody else.
"He's staying at Real Madrid. In any case, he's joined up with the France team today, and I doubt they'd even allow him to leave to discuss a move."
Meanwhile, Benzema's teammate Mesut Ozil has been linked with both Arsenal and Manchester United.