The 24-year-old was the subject of a deadline-day bid from Manchester United, although reports later alleged that it was impostors claiming to represent the Premier League champions who were attempting to broker a deal.
Red Devils boss David Moyes was said to be considering another move in January, but Urrutia has drawn a line under the matter.
"I don't know what other teams will do, but I consider the Herrera issue to be closed," the 45-year-old told reporters.
"Ander has a contract until 2016. All players have to focus on giving Athletic all you can give."
Herrera arrived at San Mames from Real Zaragoza in 2011.