The Liverpool goalkeeper says the challenge from the club's new signing can only make him better.
His only real challenges came from back-up stoppers Adam Bogdan and Danny Ward, but he will find himself with far more of a fight to hold onto his place next term.
With the Belgian having been criticised on occasion throughout the last campaign for inconsistent form and sporadic high-profile errors, Jurgen Klopp moved quickly to bring in a new goalkeeper this summer.
Just days after the end of their season, Liverpool signed Mainz number one Loris Karius, with the stopper being tipped by some as a future star for the Reds.
Despite that arrival, Mignolet is not worried about his position at Liverpool, suggesting on the contrary that the increased competition will only make him better.
The stopper told Sky Sports: "It's something positive, it can only push you on and make you better. Competition for places, you will always have at the highest level and that is really good.
"What is really good in this team is that for every place and every position there are more than enough people who can do the job when needed."
Liverpool fans will have been relieved to see the club prioritise a new goalkeeper, and the battle between Mignolet and Karius will be an intriguing one.
Mignolet certainly shows no signs of having had his nose put out of joint or of wanting to run away from the challenge, and judging by his latest comments he is up for the fight ahead over the next few months.