The Manchester City ace has been a long-term target of the Spanish giants, with boss Carlo Ancelotti desperate to lure him to the Bernabeu.

Ancelotti is keen to do a swap deal involving rising Spanish star Isco in the hope of landing Argentine Aguero.

City tried to sign Isco in the summer but missed out to Real, although he has struggled to make an impact.

But Aguero has told Real bosses to forget about signing him and look elsewhere because he has no intention of leaving the Etihad Stadium.

The striker said: "The truth is that I'm happy. The club treats me very well. It's very calm - it's different to being in Spain or Argentina."

Aguero has been a revelation since joining City from Atletico Madrid in 2011 for £35m and wants to keep on improving under boss Manuel Pellegrini.

"I've always said that in every match, watching or training, you learn things," he said. "It's like in any job - you know what to do or not to do.