Fabian Picardo says he will serve the term as Chief Minister, if the GSLP membership continues to entrust him with the leadership of the party.
He says any suggestions that he would stand down if a treaty is announced are based on untrue rumours with no foundation.
Mr Picardo was responding to GBC questions after Justice Minister, Nigel Feetham, said he would stand in a future GSLP leadership contest if the membership supports him.
He said this would be about “public service and democratic choice, never about political ambition”.
In response to GBC questions, Mr Picardo said he welcomes the fact that a Parliamentarian as able as Mr Feetham has said he will consider putting his name forward.
Mr Picardo says he will continue to put his name forward to lead the party during this term - but that this will be his last term as Chief Minister, as he has previously said.
Mr Picardo did not confirm whether Gemma Arias-Vasquez remains his preferred successor, as was his opinion in September last year.
Instead, he said once he decides to step down as leader, he will decide who to vote for from the list of candidates.
He added he believes the the GSLP is the home of the best political talent in Gibraltar, and that whoever is chosen as the next leader will also be chosen by the electorate to become the next Chief Minister.