The 25-year-old Ivory Coast international has worked hard in re-establishing himself as part of Arsene Wenger's first-choice line-up since he was booed by fans during a league match against Wigan last month, when he was substituted after coming off the bench.
The player's agent, Franjo Vranjkovic has now dismissed any thoughts that Eboue's future at the Emirates could be in jeopardy.
"We received an official request from Atletico Madrid, which was passed to Arsenal," Vranjkovic told The Mail
"I have the fax from director Ken Friar, who wrote to me to say they are not interested in the offer. Then I received a call from Arsene Wenger, who invited me to go to England to start negotiations over a renewal.
"I see no possibility that the player will leave Arsenal."
Meanwhile, Nicklas Bendtner has turned down the chance to sign for German side Hoffenheim, according to his agent and father Thomas Bendtner.
Amid speculation that the 21-year-old is becoming frustrated with the lack of starts he is being handed by Wenger, his father confirmed his son would be staying put with Arsenal.
"Hoffenheim have shown an interest. I know that," the Guardian
quotes him as saying. "There are several clubs that call during the period when the transfer window is open.
"It's always like that and we are glad that there is interest for Nicklas, but a transfer is not going to happen at this stage. Nicklas will stay at Arsenal."