Asensio made a blistering start to the campaign but since the beginning of October, the Spanish prospect has featured in just five starting lineups in all competitions.
The 21-year-old told Club del Deportista: "It is difficult to manage a squad as good as our one. He knows that he can count on me."He has a lot of confidence in me and he speaks to me a lot.
"I work hard every day to earn more minutes, but I am aware of where I am."I am at the best club in the world and I am happy at Real Madrid, so leaving has never crossed my mind."
Earlier this season, Asensio penned a new long-term deal with the La Liga giants until 2023.