While Gunners' fans were, for the first time during Wenger's 13-year tenure in England, beginning to grow frustrated with their manager's insistence on blooding young talent rather than signing experienced heads.
However, Wenger quickly quashed the reports, insisting he was going nowhere until the end of his current contract.
And he has now revealed that he decided to snub the 31-time la Liga champions' advances because he still firmly believes in his current project in North London of succeeding with hungry, young talented footballers.
“Real Madrid is a football-oriented show, but there is another dimension in this game: the success of building a team with a style, a knowledge, a culture of your own game at a club with young people,” he said.
“This project [at Arsenal] is in construction and I want to see it through to the end.
"My enjoyment comes from seeing us play football like that.”
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