The 22-year-old, who has been strongly linked with a move to the Premier League, has also deemed himself available for selection.
"For now, I'm here and I'm not complaining. I am available to the coach and I give my best as always. In France we have until September 4th [when transfer window closes]," he told Sport24.
"If I have to stay with Rennes for another year, I'll stay - if I go, that is life - but whilst I am here, I am 100% focused."
M'Vila has 22 French caps to his name.