The Belgium international has made nearly 100 appearances for the Toffees and has established himself as a firm fans favourite since his move from Standard Liege in 2008.
His form for the Goodison Park outfit has attracted interest from a host of other clubs including Spanish giants Real Madrid, but Fellaini hasn't given any thought to the prospect of leaving Merseyside.
The 23-year-old, who is currently sidelined with an ankle problem, is hoping for a speedy resolution to the matter.
"Everton are a club that really care about me," said Fellaini in the Daily Star.
"My relationship with the manager is excellent and I'm delighted that he considers me a key player and wants to extend my contract.
"The discussions have not yet begun, but I don't suppose they are far off. For my part, I'm ready and waiting.
"I've not been in contact with any other club about leaving Everton. Besides, they will have their say if a club show formal interest in me. I'm still under contract with them."
Fallaini hasn't totally given up hope of playing again this season following an operation on his ankle and he is backing the players to secure a Europa League place in the meantime.