Benzema happy at Real Madrid
The France international acknowledged the quality of players that PSG have been signing in the past couple of years has been high.
But he believes the Ligue 1 side still have some way to go before they enter the world elite.
"For now, I am at Real and I do not want to leave," he told TF1's Telefoot when asked about the PSG rumours.
"Paris invests in very good players like Thiago Silva and (Zlatan) Ibrahimovic, but it takes time.
"They must first win the championship and they reach the last 16 of the Champions League to achieve the same level of the big clubs."
Benzema also played down any personal unrest over Gonzalo Higuain being favoured by Real Madrid coach Jose Mourinho up front this season.
"It is true that I have less playing time than last year," he said. "But I am someone who battles, and that's from the beginning of my career. I will continue like this with the aim of playing more and scoring more.
"There was no discussion with Mourinho. I respect his choice. When he calls me, I try to be decisive.
"I can finish my career at Real – if it's possible, we'll see. For now, I feel very comfortable here."