The defender, who recently returned to action following a hamstring injury, joined City in 2005 and has since made over 200 appearances for the club.
He has reportedly attracted interest at home and abroad but the 25-year-old wants to stay where he is for the remainder of his career.
"I'm not leaving City," Richards told The Sun.
"It's my club and I love it here. Ten more years - that's my aim.
"I am back fit now and believe when I'm fit I'm as good as anyone in the division playing that role (full-back)."
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