The young right-back has been one of the brightest things about a season which ultimately looks likely to fizzle out into disappointment, impressing with his mature and exciting displays down the right flank.
Reports have surfaced in recent days that Barca, with whom Bellerin spent seven years as a youth player before moving to the Emirates Stadium as a 16-year-old in 2011, are considering their former academy prospect as a potential long-term replacement for Dani Alves.
However, Bellerin has said that he has not been interested in talk of a return to Spain, and insisted that although it was "really special" to return to Barca with Arsenal in the Champions League, he sees himself having a bright future with the Gunners rather than the Catalonians.
The 21-year-old told Goal: "It was really special to return to Camp Nou. I grew there, it was my home from a young age. To return to Camp Nou is a dream for any player who developed at Barcelona. For me, it happened wearing another shirt, but it was a huge honour.
"[But] I left Barca without looking back. I left focused on London and Arsenal and I am really happy there. I signed a new deal last year and there's still a lot in front of me. It's a club that's forming a great team, with players like Alexis Sanchez and Mesut Ozil.
"My future is there and I am happy where I am. A lot of things can happen in football, but I am at Arsenal, giving my all for the club. I am not thinking of going anywhere else."
Bellerin has developed into one of the most consistent players for Arsene Wenger's side over the last 12 months since being handed his competitive debut for the club's first team in a Capital One Cup tie in September 2013.
After scoring twice in 20 Premier League appearances last season, the Spaniard has played 36 times in all competitions in the current campaign, missing just two of Arsenal's 30 league games.
His intent to stay at the Emirates Stadium for the foreseeable future will come as a big relief to Gunners fans, with whom the enthusiastic defender has become something of a favourite.