Midfielder Cesc Fabregas has turned his back on a move to Real Madrid in favour of remaining at Arsenal.
The Spain international has been linked with moves to both Real and Barcelona this summer as doubts continue to exist over the long-term future of manager Arsene Wenger at the Emirates Stadium.
The Frenchman's current contract expires next summer and rumours persist that he could quit the club in favour of a fresh challenge.
Fabregas' own future was also brought into further question following former captain Thierry Henry's £16million departure to Barca last month.
However, the 20-year-old midfielder insists he is not looking to leave north London and also believes Wenger will sign a new contract.
"I'm very grateful to Real and it is an honour that such a great club is interested in me," he told The Sun.
"But after the departure of Thierry Henry to Barcelona I couldn't leave Arsenal in the lurch.
"I spoke to Real's president Ramon Calderon and sport director Predrag Mijatovic and they are spectacular people.
"It was very satisfying to listen to them as Real Madrid is a great club, but I have decided to stay at Arsenal.
"I had a long talk with Wenger. He is someone I can talk to about anything. I have total confidence in the boss that he will sign a new deal.
"I am only 20 and all I have to do is enjoy my football and improve - and I want to do that with this team. I will try to win titles with Arsenal and give my all to Arsene Wenger."