Arsene Wenger has turned his back on the chance to coach Real Madrid and has pledged his future to Arsenal.
The Frenchman emerged as Real presidential candidate Florentino Perez's top target to take charge at Santiago Bernabeu, should the former supremo of the Spanish club win the forthcoming elections.
Speculation over Wenger's future then increased when he admitted that working under Perez would be 'an interesting project'.
With the Gunners enduring a fourth successive season without silverware, some supporters had began to express concerns about the direction of the club.
Wenger was clearly unhappy at the criticisms levelled at his door, but has now pledged to remain at Emirates Stadium until at least the end of his current contract in June 2011.
Arsenal chief executive Ivan Gazidis held talks with Wenger on Tuesday to discuss plans for the coming season and the former Monaco boss later confirmed his intention to remain in his current role.
He told the Daily Mail: "There's nothing to worry about, it's not an issue for me.
"I'm staying here.
"If that changes I will let you know, but don't worry about that. It's not an issue."