To avoid the drop, Rayo -- currently in 19th place in the Spanish league table -- need to beat already-relegated Levante on Sunday and for Sporting Gijon and Getafe to lose.
"I sense that we are more in the second division as we don't depend on ourselves," said Jemez, a former player at the club.
"I've been linked to many clubs but I haven't met anyone nor have I signed anything. If there is an opportunity to continue, I will, whether it's in the top division or the second division."
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(Editing by Catherine Evans)
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