There have been rumours that United and Arsenal have both been interested in the Spaniard, all rumours which started when the player hinted in an interview in his native Spain that he might have to consider his future if the Reds are not playing in the Champions League.
But Dalglish insists that Reina will stay at Liverpool for the foreseeable future as the club have ideas of returning to the European stage shortly.
"We have a fantastic goalkeeper and he will be here for a long, long time," said the Scott.
"The Champions League is what everyone here wants to get to. For us it's only been a year where we've not had it and that's what we want to get back.
"It should be the same for every player, we should all be aiming for that."