Having fought his way into the Gunners starting XI in the first half of the 2014-15 season, Bellerin has gone from strength to strength, enjoying another outstanding season at the Emirates that saw him named in the PFA Premier League team of the season.
The 21-year-old was originally a member of Barcelona's La Masia academy but has spent the last five years of his career in North London. His rise in the Premier League has prompted speculation that the Catalan giants may return for their former youth player, just as they did with ex Gunners captain Cesc Fabregas in 2011.
But Bellerin insists he feels at home in London and has no intention of returning to Spain any time soon. "I say every year that England is my home now," he was quoted as saying by Mundo Deportivo.
"For many years I have lived in England. I have my family there, I am living with my girlfriend there. I am very happy, so I don't see myself anywhere other than Arsenal."
Arsene Wenger will be keen to retain all his first-team players and add to his squad after their failure to challenge for the Premier League title last season. Borussia Monchengladbach midfielder Granit Xhaka has become the first arrival of a pivotal summer for the club. The 24-year-old Switzerland international has completed a £30m move, according to the Mirror, a fee that makes him the club's third most expensive player in their history, behind Mesut Ozil and Alexis Sanchez.