"There's nothing to concern anybody with," Piniella said Thursday from his home in Tampa, Fla. "There's nothing to it. The Cubs are my last job, and I'll finish there."
Piniella has been rumored as possibly returning to the Yankees after Torre rejected the team's latest contract offer, leaving after 12 seasons.
This season, Piniella led the Cubs to the National League Central Division championship and a 85-77 record in his first year in Chicago. He played for the Yankees from 1974-84, winning World Series titles in '77 and '78, and managed there from 1986-88.
Last year, on Oct. 17, 2006, he signed a three-year deal with the Cubs, and says this will be his last managing job.
"I'm very happy with the Cubs and we had a nice first year," Piniella said. "And now, we have to get better. I'm looking forward to finishing my career with the Chicago Cubs organization. I worked with some nice people, I love the players, I love the city."
Piniella said he wasn't surprised by the news that Torre is leaving the Yankees.
"Not really," Piniella said. "The reason I say that is it just dragged on too long. I knew that the chances of everything coming together were remote. It really doesn't surprise me.
"He's done really nice things over there," Piniella said of Torre. "First of all, he was a heck of a baseball player. His early managerial career wasn't all that good, but when he went to New York, things clicked. He's made himself a Hall of Fame manager, that's what he's done. He's had a lot of success."
Carrie Muskat is a reporter for MLB.com. This story was not subject to the approval of Major League Baseball or its clubs.