Aguero is said to be one of Real’s top transfer targets following his impressive first season with City, but the former Atletico Madrid star is adamant he has no intention of quitting Eastlands.
The 23-year-old, who has scored 26 goals for City since his club record £38 million move last year, believes talk of a switch to Jose Mourinho’s side is a complete fabrication.
When asked if there was any truth in the rumours, Aguero said: “No no, all of that, no.
“The truth is that I am happy here, happy with my fellow players and the rest of the staff.
“The only thing I have to do is enjoy playing football. I hardly ever do interviews.
“Sometimes I have to get in touch to deny or correct the claims but I can’t dispel every claim that is written about me.
“I repeat that I am very happy here and they invent things to try to compromise me.”
Aguero’s importance to City was underlined when he missed the recent draws against Stoke and Sunderland as he struggled with a foot injury.
He returned to show his class in Wednesday’s 4-0 win over West Bromwich Albion that closed the gap on Premier League leaders Manchester United to five points.
City boss Roberto Mancini insists his team would have remained closer to United if Aguero had played those games.
“I have always said he is our best striker and I was really upset to lose him for two games. That was like United losing (Wayne) Rooney,” Mancini said.
Aguero also set up another on Wednesday for compatriot Carlos Tevez, who scored for the first time in 11 months while making his first start since September.
The pair had started together for City only once before and have rarely been paired for their national team, but Aguero feels the partnership has promise.
“Yes, obviously Carlos is a great player, like Edin (Dzeko) and Mario (Balotelli), and fortunately we know each other from (playing with) Argentina,” Aguero said.
“He knows how I move and play and I know his game so we hope to be able to keep getting to know each other better and I’m happy for his first game.”