Gunners chief Ivan Gazidis spent much of the weekend attempting to negotiate a price with Schalke for the young Germany international.
But terms couldn't be agreed, with Schalke slapping a €70 million price-tag on their star asset.
"No club in the world would be willing to pay 70 million for me," laughed Draxler.
"You can never say never. But I don't see it happening.
"I let the people have fun with all this. I'm staying calm over the speculation."
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