Pep Guardiola insists he is happy at Bayern Munich after Manchester City link

Pellegrini's position has come under scrutiny after a run of results that has left his side five points behind Premier League leaders Chelsea, as well as a Champions League last-16 first-leg defeat to Barcelona in which his tactics were called into question.

Despite winning two trophies in his first season at the Etihad reports have suggested the Chilean faces a fight to hold onto his job with Guardiola, Real Madrid's Carlo Ancelotti and Atletico Madrid's Diego Simeone all linked as potential replacements.

But Guardiola, whose current deal with the Bundesliga champions runs until 2016, has distanced himself from talk of a move to the Premier League.

Speaking ahead of his side's German Cup game against Eintracht Braunschweig, the former Barcelona boss told a press conference: "Of course I'll stay here. I haven't had a contract offer and I am not waiting for a contract offer from anyone else.

"I'm happy here at Bayern - this is an outstanding club.

"I want to fulfil my contract and do my job well, that is all I am thinking about at the moment.

"I still have a year and a half left on my contract. We will sit together in the summer and then we'll see how things go

"I can stay in this club five or six years even. This also depends on the players. I'm not the most important thing for the club."

Guardiola won four titles last season in his first year in charge and is on course to steer Bayern to a third straight Bundesliga crown in May.