The Spain full-back believes that his team mate has been explicit about his satisfaction with life at the Santiago Bernabeu and has no intention of leaving the club
Los Blancos produced a commanding display on Saturday to record a 5-1 home win over Athletic Bilbao and remain third in the table.
Though Ronaldo failed to score, Arbeloa nevertheless spoke highly of the Portuguese striker, and dismissed rumours that the former Manchester United man is dissatisfied with life at the Santiago Bernabeu.
"It is rare that he doesn't net in a game where we score five goals, but that does not matter. He saves goals for when we need them more than we did today," the 29-year-old defender is quoted as saying by AS.
"He has made it clear many times that he is happy here and that he is at the best club in the world, which is where a player like him has to be."
Arbeloa, who picked up a knock in October, also had a few words on his quest to reach full fitness.
"Slowly I'm feeling better so I'm happy with how things are going."