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Sevilla confirmed the renewal of Monchi's tenure as General Sports Director two years after his departure for Rome, thus nullifying any speculation that he was heading to North London.
Monchi revealed that he had rejected Arsenal's advances to return home to the Spanish club of Sevilla.
Sevilla confirmed the renewal of Monchi's tenure as general sports director on Saturday, two years after he left the club for Serie A, Roma.
Monchi worked behind the scenes in Seville for 17 years before leaving for Rome
The 50-year-old was closely linked to a move to the Gunners after the departure of the head of recruitment, Sven Mislintat, in February.
Spaniard Monchi, who left Rome this month, says he was interested in Arsenal, but the project presented by Seville President Jose Castro Carmona convinced him to join the club.
Monchi said, "I thank Arsenal for his interest.
"It was the club that showed the most interest for me, but in the end, I evaluated all the offers I had on the table and I chose the one that had convinced me the most.
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"I had other options and options that were very important and brighter, but I chose Seville because his sports project convinced me.
"I want to thank everyone who contributed to my return to what I consider to be my home."
Monchi left Seville in April 2017 to end a 17-year period in which the LaLiga team won 11 trophies, including three Europa League titles with current Gunners director Unai Emery, the manager. from Seville.
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He added: "Many people outside of Seville have said that I had made the wrong choice, that the suites were never good.
"I evaluated all that. I am not here because I am a fan of Seville, not to save someone's skin, but because in the conversations I had with the club president and others leaders, they have me forwarded an idea of what the future of Seville could be that coincides with what I think the future of Seville should be.
"My idea is to help Sevilla grow. I want to build a Sevilla team capable of fighting among the best. "
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