West Ham United were linked with a move for the Scotland striker back in April, while there were recently rumours that Lancashire rivals Bolton Wanderers were planning a £9million bid.
The former Huddersfield Town man scored an impressive twenty-eight goals in his first season at Ewood Park; a campaign which saw Rovers finish just four points above the relegation zone.
The club have had a turbulent time over the past eighteen months, firstly dropping out of the Premier League last May, and then going on to sack three managers in one season, though Rhodes believes the good times are around the corner.
He said, whilst signing the clubs new shirt for supporters: “I’m very settled, it’s a terrific club as you can see here – tremendous fans, everything about it”.
Rovers start the new season against Derby County at Pride Park on August 4th, in one of six games set to mark the 125th anniversary of the inaugural Football League campaign.