Xavi is contracted to Barcelona until the summer of 2024, having returned to the club he represented for so long as a player in November 2021.
The former Spain midfielder won his first trophy as a manager for Barcelona in January when the Blaugrana defeated Real Madrid 3-1 in the Supercopa de Espana final.
Barcelona are still in this season's Copa del Rey and boast a six-point lead at the top of the La Liga table heading into Sunday's encounter at Athletic Bilbao.
Talks have taken place regarding a contract extension and Xavi is hopeful of a positive outcome, though winning trophies remains his priority.
Speaking at his press conference ahead of Barcelona's trip to Athletic Bilbao, he told reporters: "It's difficult to be Ferguson in Barcelona. I love to be here. I suffer many days, but I am thankful to the president.
"He's really happy. It's great to have his support. He is a loyal man and hopefully I will stay here many years. But it will depend on all our results. Now is not the moment to talk about my contract.
"Of course, we are talking about this situation. We've been talking about a contract extension, but we need to be calm and focus on winning trophies.
"I still have one more year. We are close to winning trophies, and that's the most important thing – not my contract, we need to win trophies."
