The actor, who has been part of the ITV1 show since 2006, was crowned the winner of reality contest Dancing on Ice at the weekend.
However, Wolfenden told The Sun: "I don't want to leave Emmerdale. It's my bread and butter and they've been so accommodating throughout this whole show.
"Everyone at Emmerdale is just brilliant. I've signed a contract that takes me to Christmas, then hopefully I'll get a new one after that too."
Wolfenden confirmed that there are big plans for David and Alicia Gallagher (Natalie Anderson), the sister of his ex-fiancée Leyla Harding.
Wolfenden said: "I've got a big new storyline. It's to do with Alicia and David and the little one, Jacob. Maybe Leyla might mess things up and come back - but I can't tell you if she will or not!"
Next week's Emmerdale episodes see Alicia get jealous when she thinks that David and Rachel Breckle (Gemma Oaten) could become more than just friends.
Emmerdale airs weeknights on ITV1.
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