The Algerian was named English football's player of the year by the Professional Footballers' Association on Sunday, the first Leicester player and first African to win the honour.
"Even today I am not too excited about the prospect of PSG. It is my town, but I do not see myself going back," Mahrez told British media.
"I don't really want to go back to France. France does not really excite me, I love England."
Leicester, who were 5,000-1 outsiders according to bookmakers to win the league at the start of the season, are now within touching distance of a fairytale first English league title, needing only one win from their last three games.
Mahrez felt the desire within the squad has propelled them to greater heights.
"We are fighters. And when I say to you 'fighters', I have never seen anything like this in my life. The guys are hungry like crazy and they let nothing go," Mahrez told French magazine Onze Mondial.
"You blast a shot straight into a guy's face and he doesn't even flinch."
Claudio Ranieri's men will hope to wrap up the title when they travel to take on fifth-placed Manchester United, who have won their last six league games at Old Trafford, on Sunday.
(Reporting by Shravanth Vijayakumar in Bengaluru; editing by Amlan Chakraborty)
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