The Razorbacks are reportedly set to offer Malzahn $50 million over seven years to take over as the head coach in Fayetteville.
"Our program is more stable than it's been in any of the eight years I've been here before", said Malzahn, who was Auburn's offensive coordinator on its 2010 national championship team. "We're excited for the future of Auburn football".
Media members were asked to stop asking Auburn coach Gus Malzahn questions about the possibility of accepting an offer to coach at Arkansas during Sunday's Peach Bowl Teleconference.
Auburn was selected to a New Year's Six bowl game for a second straight year and will face UCF in the Chick-fil-A Peach Bowl at Mercedes-Benz Stadium in Atlanta on January 1. He got his first collegiate head coaching job at Arkansas State in 2012.
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Malzahn reiterated several times that he was to remain with the Tigers, saying "I'm happy at Auburn".
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Malzahn has been at Auburn since 2013 and has gone 45-21 over five seasons.
Georgia rose three spots to No. 3 in the final coaches poll of the regular season, moving past Auburn, Wisconsin and Alabama in the process.
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The win over the Crimson Tide was the second of Malzahn's tenure, and once Texas A&M coach Kevin Sumlin was sacked, he became the only active SEC head coach with a win against Alabama head coach Nick Saban.
"We have great players". "I would particularly like to say Go Dawgs to my neighbors, the Faulkners, at 8 o'clock on a Sunday morning".
"We have worked very hard to create something here", Malzahn told reporters Saturday night, via ESPN.
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