Lyon chairman Jean-Michel Aulas claims he knocked back an approach from Arsenal for Yoann Gourcuff during the summer transfer window.
The Gunners found themselves short on creative talent after sanctioning the sales of Cesc Fabregas to Barcelona and Samir Nasri to Manchester City.
Numerous names were offered up as potential replacements at the Emirates, with France international Gourcuff among them.
The 25-year-old is considered to be one of the most technically-gifted players in Europe and is a key component for club and country.
Arsenal were keen to bring that ability on board, but were ultimately unsuccessful in their efforts.
Lyon have Gourcuff tied down on a long-term contract and are confident he will be a success at Stade Gerland despite enduring a difficult debut season with the club last term.
With that in mind, Aulas claims he has no intention of allowing the former AC Milan and Bordeaux playmaker to leave.
"There was demand from Arsenal but I said no," he said.
"He is under contract for five years and he wants to be a success at Lyon. I have complete faith in him.
"In time, I am convinced that there will be no more questions about him."