With manager Roberto Mancini opting to combine captain Vincent Kompany with Matija Nastasic at the back in recent weeks, a move to Aston Villa, the team Lescott grew up supporting, had been speculated.
The England international has denied the rumours, however, and says that he plans to fight his way into the starting line up for his manager.
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"I came to the club to win trophies. I have done that and I feel there is a chance to win more this season," he told the Daily Telegraph
"So I am more than happy to stay and fight for a place in the team."
Lescott revealed that he has had a conversation with Mancini about his situation, and the result has left both parties feeling positive.
He added: "I went to see the manager about my situation and what we said will stay between us, but we both came out of the conversation happy and content with what we spoke about.
"While I would like to start every game, I am also aware that, with the strength of the squad, that just isn't going to happen, but I am more than happy to play my part whenever needed."