The 22-year-old joined Diego Simeone's side in 2019 from Benfica for a fee in the region of £115m.
Although he has made 110 appearances for Atletico, Felix has struggled in his time at the Estadio Metropolitano, scoring 29 goals for the club.
A recent report indicated that the Spanish side were content with Felix leaving amid reported interest from Manchester City and Paris-Saint Germain.
However, the striker has since stated that he is not considering a departure this summer despite being linked with a move away.
Felix told Marca: "A departure from Atletico is not on the table. I'm fine and focused on Atletico. I'm calm about the future, aware of what I can do and I'm fine with myself."
Following the departure of Luis Suarez, the Portugal international could find himself playing a key role for Atletico next season.