Schalke's general manager Horst Heldt confirmed an official approach from the Gunners in January but insists he remains confident of keeping his star man for the long term
Schalke are convinced that Julian Draxler will remain with the club next season after revealing they turned down a big bid from Arsenal.
Goal revealed in January that the Gunners had dispatched a delegation to Germany to tie up a bid for the playmaker, but Arsene Wenger refused to meet the player's £37.2 million release clause.
General manager Horst Heldt revealed that Arsenal did submit an official enquiry for the Germany international in the January transfer window, which did not meet Schalke's expectations.
But Heldt believes that the Gelsenkirchen club can keep the 20-year-old beyond the current campaign.
Heldt told Sport1 media: "Arsenal officially enquired about the services of Julian Draxler during the recent transfer window. We did not want him to leave.
"Of course, it was big money on offer, but still it was not enough for us.
"I am convinced Julian will be playing at Schalke past the end of the season. We are able to offer him enough ambition."
Draxler has not featured for Schalke since December because of an ankle injury, but is nearing a return to action after resuming full training.