Real Madrid coach Zinedine Zidane on Saturday denied that his club needed to contract a goalkeeper during the winter transfer window.
Zidane has been quick to play down talk of a move, insisting Ronaldo will stay put, claiming that it is impossible to imagine life the world player of the year playing for another team.
Real's goalkeeping coach Luis Llopis worked with Arrizabalaga at Bilbao which could prove to be another decisive factor in the move. If that changes by June or if we sit down and talk about it, we may sign players in certain positions.
"As we all know, until January 31, someone can come in - this is the market - but I do not want anyone as I am happy with my squad", Zidane said.
"I can not imagine a Real Madrid without Cristiano", he said ahead of the club's LaLiga match at Celta Vigo on Sunday.
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The Spanish giants are now well adrift in La Liga, sitting in 4th place and 14 points adrift of table-toppers Barcelona.
Madrid return to league action having seen their title defence left in tatters by a crushing 3-0 home defeat to leaders Barcelona in their final game of 2017.
The first objective will be to try and beat Celta, but Zidane acknowledges that is easier said than done against a side who held Barca to a 1-1 draw in their King's Cup last-16 first leg in midweek.
He denied that his star forward Cristiano Ronaldo was going to leave, as media had reported.
Real Madrid director of institutional relations, Emilio Butragueno added: "We don't speak about players who are not ours". "I don't see him playing anywhere else".
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