The 23-year-old has nine goals for the Blues this season but has been mostly utilised from the bench.
Many Chelsea fans have called for the England midfielder to be given more minutes on the pitch and there were some fears he could leave in search of regular first-team football.
Loftus-Cheek has two years left to run on his Blues deal and they are keen to tie him down to a longer-term deal.
The news he wants to stay will be a boost as they saw their appeal against their two transfer window ban rejected.
When asked if he is already in talks over a new deal, Loftus-Cheek grinned and said: “I’m not sure, I let my agent deal with it. I’m not thinking about that right now.
“It’s important for me to focus on the here and now, and I’m playing right now.
“It’s looking good so there’s no reason why I should think about leaving Chelsea.”
And when told he deserves a pay rise, Loftus-Cheek laughed and added: “There’s no reason for me to leave. If I get a pay rise, that’ll be great.”
Loftus-Cheek will take a pivotal role in Chelsea’s Europa League semi-final second leg against Eintracht Frankfurt at Stamford Bridge on Thursday.
N’Golo Kante will miss out due to a hamstring issue that leaves the France World Cup-winner in a race against time to be fit for the Europa League final should Chelsea reach the May 29 showpiece.
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Loftus-Cheek has battled injury problems of his own and Blues manager Maurizio Sarri has previously admitted fearing the midfielder could battle niggling back problems for the rest of his career.
But the England international is confident he can overcome his long-term back spasms.
“I’ve had back injuries, lower back spasms, since I was 16 or 17 up to now,” said Loftus-Cheek.
“It’s something I’ve had in the latter part of my career, and it’s something I’ve had to deal with and manage with the physios. It’s hindered me a lot.
“But over the years learning about my body with the physios, we’ve come up with a routine to keep it at bay. We’re working a lot.
“I don’t think it’s something I’ll have to suffer for the rest of my career. I’m feeling really good now, the best I’ve felt. I’ve not had a twinge in my back for weeks now. It’s looking really good.
“Playing the most games I’ve played this season, playing every three days, it’s something I’ve never done before.
“It’s important I get the right rest so my back’s OK. So I might not do a whole training session two days after a game. I might just do half of it. I taper it that way.