The Spaniard has taken the Premier League by storm this season, scoring 15 top-flight goals following a £2 million move from Rayo Vallecano over the summer.
But the 27-year-old insists his form has not attracted offers from elsewhere yet, and says the only switch he is currently considering will come at the end of his time as a player.
"It would be my dream to go back to Oviedo and retire there because it's my home and my team. I feel so loved there," he told Grada360.
|33/1||Michu is 33/1 to finish as the Premier League's top scorer with William Hill|
Michu also indicated that he is happy to remain with the Swans after a successful debut season and singled out manager Michael Laudrup for special praise.
"This year was the club's 100-year anniversary and we have been able to achieve the first title in the history," he added. "A few years ago we were in League One and now we are competing with the biggest clubs.
"[Michael Laudrup] is one of the best coaches I have had. The confidence he has placed in me is tremendous and the most it can be. He gives me a lot of freedom."
The south Wales club announced on Thursday that youngster Jazz Richards has signed a new long-term deal which will keep him at the Liberty Stadium until 2016.
“I’m delighted to have signed a new contract at the club,” said the Wales international, who is currently on loan at Crystal Palace. “There was interest from other clubs, but Swansea is where I want to be.
“Of course, it is very difficult to get into the team because of the quality of players we have, but I feel that I can return next season and push for my place in the manager’s plans.
“I played eight games in the Premier League last season, and I think I got stronger and my confidence grew with each match, so I know I have something to offer the manager and team."