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Transfer rumours have linked the 28-year-old with Roma, Juventus and Spanish clubs after assured performances for the Gunners.
But Mongai insists the player, who joined Arsene Wenger's side from Auxerre in the summer of 2007, is happy in London, although he admits nothing is impossible in football.
Mongai told calciomercatoweb.it: "Bacary is very, very happy in London and I think it is very unlikely he'll leave Arsenal in the next summer.
"In football nothing is impossible, but, again, it is really very complicated that the player could move.
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"He is very well and has found an ideal dimension in London."
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