The Spanish coach has earned plaudits for the work he has done with the Cherries – who are in contention for a European spot in the Premier League – and he insists that he is enjoying his time with the South Coast club.
In an interview with Sky Sports, Iraola said: "I am very happy. I have always said it. I am very happy working here with everyone in the club. I am still finishing my second season, so we are talking about probably my fourth season here.
"I have a good relationship with everyone here. If everything goes well, we will have time to talk about these things. The communication with the club is really close and I feel we have a good connection."
The manager is said to have attracted interest from Tottenham and Real Madrid but Iraola is modest about his status in the coaching world.
He explained: "For me, it's a big challenge to compete here in the Premier League. Most, if not all of the coaches that I am playing against have achieved more things than me.
"I have not been coaching for a lot of years. I'm really happy with how my career has gone because I have been taking steps forward, but still, in most of the teams I've been at, I've been fighting to avoid relegation a lot of times and just trying to finish in a good position.
"For me, it's good that, together with the team here, we had a very good season last season. This season, we have improved on that and continued with this evolution of the club."