The Arsenal defender has enjoyed another successful campaign under Arsene Wenger as he helped the club to FA Cup glory.
And his performances for the Gunners have led to interest from the likes of Barcelona and Manchester City.
Reports in Spain suggest newly-appointed Barca coach Ernesto Valverde has made the full-back his priority transfer target and is ready to sanction a £44m move.
Bellerin is a product of Barca's academy and when asked about the possibility of a return to the Nou Camp he spoke highly of his former club.
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You never know what could happen. It's a club that I grew up in as a kid, the best club in the world
Hector Bellerin on Barcelona
"You never know what could happen. It's a club that I grew up in as a kid, the best club in the world," he told SPORT.
"It's a big compliment, of course, but I'm an Arsenal player with a contract there.
"I haven't talked to anyone. I haven't talked to the club. I know a lot of things are being talked about but as a player, the club haven't told me anything, there has still not been any contact.
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"It's always been very good in London, my family settled there with me, although now, for family reasons, they have had to return to Barcelona.
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"I have a tougher time now because I'm a family person, I depend on them a lot, and it'll be a new challenge to be without them."
Arsenal are confident of keeping hold of the 22-year-old but they can't offer him Champions League football next season – a competition that is important to Bellerin.
"The truth is that every player of a top level wants to play in the Champions League, especially when I've been playing in it for two years," he added.
"As a team, we didn't achieve qualification and it's something that we want to correct, but as a player, I repeat: it's an important competition."
Bellerin is under contract with Arsenal until 2023 having signed a new long-term deal back in November.