'Rama G', who scored 11 league goals in 2017/18 to share the Golden Boot with Mamelodi Sundowns' Percy Tau, has been linked with several teams, including Soweto giants Orlando Pirates.
However, the former Sundowns hitman aims to honour his contract with City, which expires in June 2019.
"No [I am not going anywhere]. I am still contracted to Polokwane City," says Ramagalela.
"I am still contracted to the club until June 2019. I am not going anywhere. I am happy at the club."
Meanwhile, Ramagalela gave credit to Tau for matching his goal tally in the Absa Premiership this past campaign.
"I am happy. I think Percy also did well. Personally I think both of us deserve the award. It was a good season for both of us. Percy was a champion.
"With my team somewhere we dropped down but overall personally it was a good season. I will keep pushing hard next season."