It was recently reported that the Spanish giants were preparing a £20m January bid for the 26-year-old Brazilian international.
Despite viewing Madrid's interest as a compliment, Ramires insists that he is happy at Chelsea.
"I see the interest of Real Madrid as recognition of my good work in Europe, but I'm under contract with Chelsea and it would be unethical of me to comment," he told Sambafoot.
"For the moment, these are only rumours. I am very happy here. I am respected and part of the club's history.
"If I leave, Chelsea would have to make the decision. Chelsea are one of the biggest clubs in the world and I have realised my dream here."
Ramires joined Chelsea from Benfica in 2010 for around £18m.